Miracle Mile Advisors LLC Has $21.06 Million Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Miracle Mile Advisors LLC grew its stake in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 17.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 211,819 shares of the company’s stock after buying an additional 31,864 shares during the quarter. Miracle Mile Advisors LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $21,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norden Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $218,149,000. Financial Gravity Asset Management Inc. raised its position in iShares 0-5 Year TIPS Bond ETF by 2,326.3% during the third quarter. Financial Gravity Asset Management Inc. now owns 1,677,104 shares of the company’s stock worth $180,182,000 after acquiring an additional 1,607,982 shares in the last quarter. Ritholtz Wealth Management raised its position in iShares 0-5 Year TIPS Bond ETF by 11.0% during the fourth quarter. Ritholtz Wealth Management now owns 1,259,063 shares of the company’s stock worth $124,131,000 after acquiring an additional 124,715 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 9.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 760,271 shares of the company’s stock worth $75,594,000 after acquiring an additional 66,903 shares in the last quarter. Finally, Partners Capital Investment Group LLP raised its position in iShares 0-5 Year TIPS Bond ETF by 15.0% during the fourth quarter. Partners Capital Investment Group LLP now owns 704,707 shares of the company’s stock worth $69,477,000 after acquiring an additional 91,796 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

NYSEARCA STIP traded down $0.50 on Monday, hitting $98.99. 242,078 shares of the stock were exchanged, compared to its average volume of 516,881. The business’s fifty day moving average is $99.19 and its 200 day moving average is $98.98. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $96.27 and a 52 week high of $99.57.

iShares 0-5 Year TIPS Bond ETF Company Profile

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.