Destination Wealth Management Boosts Stock Position in iShares 0-5 Year TIPS Bond ETF $STIP

Destination Wealth Management raised its position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 798,027 shares of the company’s stock after acquiring an additional 35,479 shares during the quarter. iShares 0-5 Year TIPS Bond ETF makes up approximately 2.1% of Destination Wealth Management’s holdings, making the stock its 9th largest position. Destination Wealth Management’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $81,710,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of STIP. EverSource Wealth Advisors LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock worth $45,000 after acquiring an additional 123 shares in the last quarter. State Street Corp boosted its stake in iShares 0-5 Year TIPS Bond ETF by 0.5% during the second quarter. State Street Corp now owns 641,945 shares of the company’s stock worth $66,063,000 after acquiring an additional 3,063 shares in the last quarter. Vivaldi Capital Management LP bought a new stake in iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $285,000. Diversify Advisory Services LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 14.6% during the second quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after acquiring an additional 830 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in iShares 0-5 Year TIPS Bond ETF by 24.8% during the second quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock worth $62,760,000 after acquiring an additional 121,311 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA:STIP opened at $102.38 on Friday. iShares 0-5 Year TIPS Bond ETF has a one year low of $102.12 and a one year high of $104.16. The company’s 50-day simple moving average is $103.36 and its 200 day simple moving average is $103.03.

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.