Belpointe Asset Management LLC Reduces Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

Belpointe Asset Management LLC decreased its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 29.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,493 shares of the company’s stock after selling 5,988 shares during the period. Belpointe Asset Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth $3,945,000. Beacon Financial Advisory LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 23.8% during the 2nd quarter. Beacon Financial Advisory LLC now owns 5,376 shares of the company’s stock worth $553,000 after buying an additional 1,034 shares during the period. Simplicity Wealth LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth $2,386,000. Wealthcare Capital Management LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 3.7% during the 2nd quarter. Wealthcare Capital Management LLC now owns 804,088 shares of the company’s stock worth $82,749,000 after buying an additional 28,952 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 9.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,023,587 shares of the company’s stock worth $105,337,000 after buying an additional 89,905 shares during the period.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1%

iShares 0-5 Year TIPS Bond ETF stock opened at $103.27 on Wednesday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.13 and a 12-month high of $103.93. The firm’s fifty day moving average price is $103.33 and its 200 day moving average price is $102.88.

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.