iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 1-Year High – Still a Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIPGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $103.09 and last traded at $103.06, with a volume of 23660 shares traded. The stock had previously closed at $102.92.

iShares 0-5 Year TIPS Bond ETF Price Performance

The stock has a 50-day simple moving average of $102.00 and a 200 day simple moving average of $101.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STIP. Brooklyn FI LLC lifted its holdings in iShares 0-5 Year TIPS Bond ETF by 6,349.4% in the fourth quarter. Brooklyn FI LLC now owns 1,215,009 shares of the company’s stock valued at $122,469,000 after buying an additional 1,196,170 shares during the period. 3EDGE Asset Management LP lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 156.7% in the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock valued at $126,905,000 after purchasing an additional 770,017 shares during the period. Assetmark Inc. boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 459,144.4% in the 4th quarter. Assetmark Inc. now owns 578,648 shares of the company’s stock worth $58,212,000 after purchasing an additional 578,522 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $44,239,000. Finally, Raymond James Financial Inc. bought a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at about $40,443,000.

iShares 0-5 Year TIPS Bond ETF Company Profile

(Get Free Report)

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.

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