iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 12-Month High – Here’s Why

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $101.99 and last traded at $101.99, with a volume of 320 shares traded. The stock had previously closed at $100.94.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1 %

The business has a 50-day simple moving average of $100.88 and a two-hundred day simple moving average of $100.18.

Hedge Funds Weigh In On iShares 0-5 Year TIPS Bond ETF

A number of institutional investors have recently bought and sold shares of STIP. Modera Wealth Management LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% during the third quarter. Modera Wealth Management LLC now owns 1,811,595 shares of the company’s stock worth $183,551,000 after purchasing an additional 101,437 shares during the period. Ritholtz Wealth Management increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 5.9% during the third quarter. Ritholtz Wealth Management now owns 1,512,948 shares of the company’s stock worth $153,292,000 after purchasing an additional 84,443 shares during the period. LPL Financial LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the third 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 period. Wealthcare Advisory Partners LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 6.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 807,384 shares of the company’s stock worth $80,327,000 after purchasing an additional 47,113 shares during the period. Finally, Destination Wealth Management increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.2% during the third quarter. Destination Wealth Management now owns 710,445 shares of the company’s stock worth $71,982,000 after purchasing an additional 22,251 shares during the period.

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.