iShares 0-5 Year TIPS Bond ETF $STIP is Tortoise Investment Management LLC’s 2nd Largest Position

Tortoise Investment Management LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 513,987 shares of the company’s stock after purchasing an additional 21,043 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises about 5.0% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position. Tortoise Investment Management LLC owned approximately 0.43% of iShares 0-5 Year TIPS Bond ETF worth $52,894,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Adams Wealth Management lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% during the 1st quarter. Adams Wealth Management now owns 3,766 shares of the company’s stock valued at $390,000 after buying an additional 102 shares in the last quarter. CacheTech Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% in the first quarter. CacheTech Inc. now owns 3,766 shares of the company’s stock valued at $390,000 after acquiring an additional 102 shares in the last quarter. Kings Path Partners LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 14.4% during the second quarter. Kings Path Partners LLC now owns 872 shares of the company’s stock worth $90,000 after purchasing an additional 110 shares in the last quarter. Avant Financial Advisors LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 2.3% during the 2nd quarter. Avant Financial Advisors LLC now owns 5,244 shares of the company’s stock valued at $540,000 after purchasing an additional 119 shares during the period. Finally, Successful Portfolios LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 0.8% during the 2nd quarter. Successful Portfolios LLC now owns 15,244 shares of the company’s stock valued at $1,569,000 after purchasing an additional 121 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP stock opened at $102.87 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $100.13 and a 1-year high of $103.93. The business has a 50 day simple moving average of $103.29 and a two-hundred day simple moving average of $102.95.

About iShares 0-5 Year TIPS Bond ETF

The iShares 0-5 Year TIPS Bond ETF (STIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of less than 5 years. STIP was launched on Dec 1, 2010 and is managed by BlackRock.