Friedenthal Financial Has $4 Million Stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Friedenthal Financial lifted its position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 2.4% in the fourth quarter, Holdings Channel reports. The firm owned 39,730 shares of the company’s stock after buying an additional 939 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for 2.3% of Friedenthal Financial’s investment portfolio, making the stock its 10th largest holding. Friedenthal Financial’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $3,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of STIP. Modera Wealth Management LLC lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% during the 3rd quarter. Modera Wealth Management LLC now owns 1,811,595 shares of the company’s stock worth $183,551,000 after purchasing an additional 101,437 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% during the third quarter. Ritholtz Wealth Management now owns 1,512,948 shares of the company’s stock valued at $153,292,000 after buying an additional 84,443 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% in the 3rd quarter. LPL Financial LLC now owns 1,463,439 shares of the company’s stock valued at $148,276,000 after buying an additional 201,769 shares in the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 807,384 shares of the company’s stock worth $80,327,000 after buying an additional 47,113 shares during the last quarter. Finally, Destination Wealth Management grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 3.2% in the 3rd quarter. Destination Wealth Management now owns 710,445 shares of the company’s stock worth $71,982,000 after buying an additional 22,251 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

STIP traded up $0.09 during trading on Monday, hitting $100.72. The stock had a trading volume of 630,196 shares, compared to its average volume of 413,274. The stock has a 50 day simple moving average of $100.71 and a two-hundred day simple moving average of $100.47. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $98.36 and a twelve month high of $101.52.

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.