Fairway Wealth LLC Has $1.85 Million Stock Holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

Fairway Wealth LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,403 shares of the company’s stock after buying an additional 3,419 shares during the period. iShares 0-5 Year TIPS Bond ETF accounts for approximately 0.7% of Fairway Wealth LLC’s holdings, making the stock its 21st biggest holding. Fairway Wealth LLC’s holdings in iShares 0-5 Year TIPS Bond ETF were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 4.6% in the fourth quarter. Modera Wealth Management LLC now owns 1,894,273 shares of the company’s stock worth $190,564,000 after acquiring an additional 82,678 shares during the last quarter. Ritholtz Wealth Management increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,572,147 shares of the company’s stock valued at $158,158,000 after purchasing an additional 59,199 shares in the last quarter. LPL Financial LLC raised its position in 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 worth $148,276,000 after purchasing an additional 201,769 shares during the last quarter. 3EDGE Asset Management LP lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 156.7% during the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after buying an additional 770,017 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 8.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 898,882 shares of the company’s stock valued at $90,428,000 after buying an additional 68,332 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

NYSEARCA STIP opened at $102.64 on Tuesday. iShares 0-5 Year TIPS Bond ETF has a 52 week low of $98.53 and a 52 week high of $102.90. The stock has a fifty day moving average of $101.48 and a 200-day moving average of $101.04.

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.