Modera Wealth Management LLC Buys 82,678 Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Modera Wealth Management LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 4.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,894,273 shares of the company’s stock after acquiring an additional 82,678 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for 2.3% of Modera Wealth Management LLC’s holdings, making the stock its 9th largest position. Modera Wealth Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $190,564,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Pflug Koory LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 534.7% during the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $52,000. Providence First Trust Co bought a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $75,000. Ridgewood Investments LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 33.0% during the 4th quarter. Ridgewood Investments LLC now owns 818 shares of the company’s stock worth $82,000 after purchasing an additional 203 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth $177,000.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.3 %

Shares of NYSEARCA:STIP opened at $102.72 on Friday. The business has a fifty day simple moving average of $101.27 and a 200 day simple moving average of $100.95. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $98.53 and a 12-month high of $102.72.

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.