Prasad Wealth Partners LLC Invests $10.51 Million in iShares 0-5 Year TIPS Bond ETF $STIP

Prasad Wealth Partners LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 102,131 shares of the company’s stock, valued at approximately $10,510,000. iShares 0-5 Year TIPS Bond ETF comprises 3.1% of Prasad Wealth Partners LLC’s portfolio, making the stock its 8th biggest position. Prasad Wealth Partners LLC owned 0.08% of iShares 0-5 Year TIPS Bond ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of STIP. Modera Wealth Management LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.3% in the first quarter. Modera Wealth Management LLC now owns 1,957,487 shares of the company’s stock worth $202,541,000 after acquiring an additional 63,214 shares during the period. Ritholtz Wealth Management lifted its stake in iShares 0-5 Year TIPS Bond ETF by 13.1% during the first quarter. Ritholtz Wealth Management now owns 1,777,451 shares of the company’s stock worth $183,913,000 after purchasing an additional 205,304 shares during the last quarter. LPL Financial LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 4.3% during the first quarter. LPL Financial LLC now owns 1,604,696 shares of the company’s stock worth $166,038,000 after purchasing an additional 65,726 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in iShares 0-5 Year TIPS Bond ETF by 9.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 1,023,587 shares of the company’s stock worth $105,337,000 after purchasing an additional 89,905 shares during the last quarter. Finally, Partners Capital Investment Group LLP lifted its stake in iShares 0-5 Year TIPS Bond ETF by 51.9% during the first quarter. Partners Capital Investment Group LLP now owns 994,985 shares of the company’s stock worth $102,951,000 after purchasing an additional 340,117 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.0%

Shares of STIP stock opened at $103.17 on Tuesday. The business has a 50-day moving average price of $103.32 and a two-hundred day moving average price of $102.88. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.13 and a 12-month high of $103.93.

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.