iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 12-Month High – Still a Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) hit a new 52-week high on Wednesday . The company traded as high as $102.30 and last traded at $102.20, with a volume of 800480 shares changing hands. The stock had previously closed at $102.09.

iShares 0-5 Year TIPS Bond ETF Price Performance

The firm has a 50 day moving average of $101.14 and a two-hundred day moving average of $100.91.

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

A number of institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in iShares 0-5 Year TIPS Bond ETF by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 512,440 shares of the company’s stock worth $51,920,000 after buying an additional 6,480 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 79.3% in the third quarter. IHT Wealth Management LLC now owns 15,932 shares of the company’s stock worth $1,615,000 after acquiring an additional 7,048 shares during the period. First United Bank & Trust boosted its position in iShares 0-5 Year TIPS Bond ETF by 19.2% in the fourth quarter. First United Bank & Trust now owns 1,914 shares of the company’s stock worth $193,000 after purchasing an additional 308 shares during the last quarter. Lutz Financial Services LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 29.2% during the 3rd quarter. Lutz Financial Services LLC now owns 54,087 shares of the company’s stock valued at $5,480,000 after purchasing an additional 12,210 shares during the period. Finally, International Assets Investment Management LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 10,049.6% during the 3rd quarter. International Assets Investment Management LLC now owns 11,469 shares of the company’s stock valued at $1,162,000 after purchasing an additional 11,356 shares during 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.