Abacus Planning Group Inc. Boosts Stake in iShares 0-5 Year TIPS Bond ETF $STIP

Abacus Planning Group Inc. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 545,598 shares of the company’s stock after buying an additional 76,433 shares during the period. iShares 0-5 Year TIPS Bond ETF comprises approximately 7.4% of Abacus Planning Group Inc.’s investment portfolio, making the stock its 3rd biggest position. Abacus Planning Group Inc. owned approximately 0.44% of iShares 0-5 Year TIPS Bond ETF worth $55,864,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of STIP. Lido Advisors LLC increased its holdings in iShares 0-5 Year TIPS Bond ETF by 29.0% in the 2nd quarter. Lido Advisors LLC now owns 3,155 shares of the company’s stock worth $325,000 after purchasing an additional 710 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $2,634,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter worth about $85,000. Trek Financial LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 118.9% in the second quarter. Trek Financial LLC now owns 48,472 shares of the company’s stock valued at $4,988,000 after buying an additional 26,325 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock valued at $45,000 after buying an additional 123 shares during the period.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.3%

Shares of NYSEARCA STIP opened at $103.12 on Thursday. The company has a 50 day simple moving average of $103.09 and a 200 day simple moving average of $102.98. iShares 0-5 Year TIPS Bond ETF has a 1 year low of $101.67 and a 1 year 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.