Tortoise Investment Management LLC Increases Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Tortoise Investment Management LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 3.1% in the third quarter, Holdings Channel reports. The institutional investor owned 529,770 shares of the company’s stock after buying an additional 15,783 shares during the period. iShares 0-5 Year TIPS Bond ETF makes up 4.9% of Tortoise Investment Management LLC’s holdings, making the stock its 2nd largest holding. Tortoise Investment Management LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $54,757,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in STIP. Rossmore Private Capital bought a new position in iShares 0-5 Year TIPS Bond ETF during the 3rd quarter worth $26,000. Chapman Financial Group LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth $26,000. Trust Co. of Vermont acquired a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at about $32,000. Avalon Trust Co acquired a new position in iShares 0-5 Year TIPS Bond ETF in the third quarter valued at about $41,000. Finally, Rice Partnership LLC bought a new stake in iShares 0-5 Year TIPS Bond ETF during the third quarter worth about $42,000.

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

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $103.40 on Thursday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.67 and a 12-month high of $103.93. The firm’s 50-day moving average price is $102.84 and its two-hundred day moving average price is $103.01.

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.