AlTi Global Inc. Has $71.71 Million Stock Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

AlTi Global Inc. cut its holdings in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 14.7% in the second quarter, HoldingsChannel reports. The fund owned 720,750 shares of the company’s stock after selling 124,694 shares during the quarter. iShares 0-5 Year TIPS Bond ETF accounts for 1.9% of AlTi Global Inc.’s portfolio, making the stock its 11th biggest holding. AlTi Global Inc.’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $71,707,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of STIP. Norden Group LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 328.7% in the first quarter. Norden Group LLC now owns 9,485,856 shares of the company’s stock worth $943,179,000 after acquiring an additional 7,273,167 shares during the last quarter. Modera Wealth Management LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,710,158 shares of the company’s stock worth $170,144,000 after purchasing an additional 109,366 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.8% during the 2nd quarter. Ritholtz Wealth Management now owns 1,428,505 shares of the company’s stock worth $142,122,000 after purchasing an additional 52,456 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 6.2% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 807,384 shares of the company’s stock valued at $80,327,000 after buying an additional 47,113 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 19.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 716,221 shares of the company’s stock valued at $71,214,000 after buying an additional 117,423 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA:STIP opened at $101.51 on Wednesday. The stock’s 50 day moving average price is $100.26 and its 200 day moving average price is $99.59. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.27 and a 52 week 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.