PNC Financial Services Group Inc. Boosts Holdings in iShares 0-5 Year TIPS Bond ETF $STIP

PNC Financial Services Group Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,562 shares of the company’s stock after buying an additional 11,239 shares during the quarter. PNC Financial Services Group Inc. owned about 0.15% of iShares 0-5 Year TIPS Bond ETF worth $18,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its holdings in iShares 0-5 Year TIPS Bond ETF by 356.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock valued at $333,946,000 after acquiring an additional 2,533,763 shares during the last quarter. Maseco LLP purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $64,472,000. Partners Capital Investment Group LLP grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 51.9% during the first quarter. Partners Capital Investment Group LLP now owns 994,985 shares of the company’s stock valued at $102,951,000 after purchasing an additional 340,117 shares in the last quarter. Assetmark Inc. increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 47.8% in the first quarter. Assetmark Inc. now owns 855,388 shares of the company’s stock worth $88,507,000 after purchasing an additional 276,740 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 13.9% in the second quarter. Ritholtz Wealth Management now owns 2,024,720 shares of the company’s stock worth $208,364,000 after buying an additional 247,269 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Price Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.87 on Friday. The stock has a 50 day moving average of $103.29 and a 200 day moving average of $102.95. iShares 0-5 Year TIPS Bond ETF has a 12 month low of $100.13 and a 12 month 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.