iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 1-Year High – What’s Next?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $102.98 and last traded at $102.95, with a volume of 24768 shares changing hands. The stock had previously closed at $102.82.

iShares 0-5 Year TIPS Bond ETF Price Performance

The firm has a 50 day moving average price of $101.83 and a 200-day moving average price of $101.17.

Institutional Investors Weigh In On iShares 0-5 Year TIPS Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. NorthCrest Asset Manangement LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 3.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 60,139 shares of the company’s stock worth $6,050,000 after acquiring an additional 2,070 shares in the last quarter. Silver Oak Wealth Advisors Services LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $318,000. Copia Wealth Management acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $3,075,000. Comprehensive Money Management Services LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $1,301,000. Finally, BridgePort Financial Solutions LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $2,004,000.

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.