PKS Advisory Services LLC Makes New Investment in iShares 0-5 Year TIPS Bond ETF $STIP

PKS Advisory Services LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,170 shares of the company’s stock, valued at approximately $624,000.

A number of other hedge funds have also recently made changes to their positions in STIP. Envestnet Asset Management Inc. raised its stake in iShares 0-5 Year TIPS Bond ETF by 356.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock valued at $333,946,000 after purchasing an additional 2,533,763 shares during the period. Modera Wealth Management LLC grew its holdings in iShares 0-5 Year TIPS Bond ETF by 3.6% during the 2nd quarter. Modera Wealth Management LLC now owns 2,027,657 shares of the company’s stock valued at $208,666,000 after buying an additional 70,170 shares in the last quarter. Ritholtz Wealth Management grew its holdings in iShares 0-5 Year TIPS Bond ETF by 13.9% during the 2nd quarter. Ritholtz Wealth Management now owns 2,024,720 shares of the company’s stock valued at $208,364,000 after buying an additional 247,269 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 4.3% during the first quarter. LPL Financial LLC now owns 1,604,696 shares of the company’s stock valued at $166,038,000 after buying an additional 65,726 shares during the last quarter. Finally, 3EDGE Asset Management LP lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.1% in the second quarter. 3EDGE Asset Management LP now owns 1,116,519 shares of the company’s stock worth $114,885,000 after buying an additional 23,082 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of NYSEARCA:STIP opened at $102.83 on Thursday. The firm has a fifty day moving average price of $103.25 and a 200 day moving average price of $102.94. iShares 0-5 Year TIPS Bond ETF has a fifty-two week low of $100.13 and a fifty-two week high of $103.93.

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.