Park Avenue Securities LLC Raises Position in iShares 0-5 Year TIPS Bond ETF $STIP

Park Avenue Securities LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 823.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,601 shares of the company’s stock after purchasing an additional 136,970 shares during the quarter. Park Avenue Securities LLC owned about 0.12% of iShares 0-5 Year TIPS Bond ETF worth $15,807,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 34.0% in the first quarter. Capital Investment Advisory Services LLC now owns 382 shares of the company’s stock valued at $40,000 after buying an additional 97 shares during the last quarter. Adams Wealth Management raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% in the 1st quarter. Adams Wealth Management now owns 3,766 shares of the company’s stock valued at $390,000 after purchasing an additional 102 shares during the last quarter. CacheTech Inc. raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.8% in the 1st quarter. CacheTech Inc. now owns 3,766 shares of the company’s stock valued at $390,000 after purchasing an additional 102 shares during the last quarter. Breakwater Investment Management boosted its stake in iShares 0-5 Year TIPS Bond ETF by 0.9% in the 1st quarter. Breakwater Investment Management now owns 12,003 shares of the company’s stock worth $1,242,000 after purchasing an additional 110 shares in the last quarter. Finally, Kings Path Partners LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 14.4% during the 2nd quarter. Kings Path Partners LLC now owns 872 shares of the company’s stock worth $90,000 after purchasing an additional 110 shares during the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $103.48 on Friday. The firm’s 50 day simple moving average is $103.22 and its two-hundred day simple moving average is $102.82. iShares 0-5 Year TIPS Bond ETF has a 12-month low of $100.13 and a 12-month high of $103.93.

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.