iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Strong Trading Volume – Here’s Why

Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) saw unusually-strong trading volume on Friday . Approximately 1,164,052 shares were traded during trading, an increase of 129% from the previous session’s volume of 508,584 shares.The stock last traded at $101.44 and had previously closed at $101.41.

iShares 0-5 Year TIPS Bond ETF Price Performance

The stock has a 50-day simple moving average of $100.84 and a 200-day simple moving average of $100.63.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 60.9% during the 4th quarter. Principal Financial Group Inc. now owns 16,445 shares of the company’s stock valued at $1,654,000 after buying an additional 6,225 shares in the last quarter. Pure Portfolios Holdings LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the fourth quarter. Pure Portfolios Holdings LLC now owns 61,449 shares of the company’s stock worth $6,182,000 after acquiring an additional 8,498 shares in the last quarter. DDD Partners LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.1% in the fourth quarter. DDD Partners LLC now owns 3,680 shares of the company’s stock worth $370,000 after acquiring an additional 110 shares during the period. Valmark Advisers Inc. grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 53.2% in the fourth quarter. Valmark Advisers Inc. now owns 131,210 shares of the company’s stock valued at $13,200,000 after purchasing an additional 45,546 shares in the last quarter. Finally, Csenge Advisory Group bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at $726,000.

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.