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

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s share price hit 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 Stock Up 0.3 %

The business has a 50 day moving average of $102.08 and a 200-day moving average of $101.28.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

A number of hedge funds have recently bought and sold shares of STIP. Transce3nd LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $25,000. Knuff & Co LLC acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth approximately $26,000. Chapman Financial Group LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $33,000. Pflug Koory LLC increased its position in iShares 0-5 Year TIPS Bond ETF by 534.7% during the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the last quarter. Finally, Bradley & Co. Private Wealth Management LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth approximately $52,000.

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.