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

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $102.85 and last traded at $102.83, with a volume of 17365 shares. The stock had previously closed at $102.70.

iShares 0-5 Year TIPS Bond ETF Stock Performance

The stock’s 50 day moving average price is $101.36 and its 200 day moving average price is $100.99.

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

Hedge funds have recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 9.7% in the 4th quarter. FMR LLC now owns 3,308,805 shares of the company’s stock valued at $332,866,000 after purchasing an additional 293,457 shares in the last quarter. Modera Wealth Management LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 4.6% in the fourth quarter. Modera Wealth Management LLC now owns 1,894,273 shares of the company’s stock valued at $190,564,000 after acquiring an additional 82,678 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.9% in the fourth quarter. Ritholtz Wealth Management now owns 1,572,147 shares of the company’s stock worth $158,158,000 after acquiring an additional 59,199 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 5.2% during the 4th quarter. LPL Financial LLC now owns 1,538,970 shares of the company’s stock valued at $154,820,000 after purchasing an additional 75,531 shares during the last quarter. Finally, 3EDGE Asset Management LP increased its position in iShares 0-5 Year TIPS Bond ETF by 156.7% during the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after purchasing an additional 770,017 shares in the last quarter.

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.