Spartan Planning & Wealth Management Sells 7,697 Shares of iShares 0-5 Year TIPS Bond ETF $STIP

Spartan Planning & Wealth Management reduced its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 30.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,353 shares of the company’s stock after selling 7,697 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for approximately 1.3% of Spartan Planning & Wealth Management’s holdings, making the stock its 17th biggest position. Spartan Planning & Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,777,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its position in iShares 0-5 Year TIPS Bond ETF by 2.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,319,880 shares of the company’s stock worth $343,143,000 after purchasing an additional 74,802 shares during the last quarter. Ritholtz Wealth Management raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.0% during the third quarter. Ritholtz Wealth Management now owns 2,146,439 shares of the company’s stock valued at $221,856,000 after buying an additional 121,719 shares during the last quarter. Modera Wealth Management LLC lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 5.4% in the third quarter. Modera Wealth Management LLC now owns 2,136,920 shares of the company’s stock valued at $220,872,000 after buying an additional 109,263 shares during the period. Bank of America Corp DE lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 8.7% in the third quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock valued at $181,423,000 after buying an additional 140,223 shares during the period. Finally, JPMorgan Chase & Co. grew its position in iShares 0-5 Year TIPS Bond ETF by 34.1% during the second quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock worth $158,841,000 after buying an additional 392,850 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of STIP opened at $103.34 on Monday. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $101.67 and a 12-month high of $103.93. The stock’s 50-day moving average price is $102.98 and its 200 day moving average price is $103.00.

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.