iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 52-Week Low – What’s Next?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIPGet Free Report)’s share price hit a new 52-week low on Monday . The company traded as low as $100.57 and last traded at $100.58, with a volume of 115194 shares traded. The stock had previously closed at $101.36.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.7%

The company’s 50-day moving average is $101.93 and its 200-day moving average is $102.78.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in STIP. Insight Wealth Strategies LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 55.7% in the 2nd quarter. Insight Wealth Strategies LLC now owns 184,565 shares of the company’s stock valued at $18,665,000 after purchasing an additional 66,021 shares during the last quarter. JFS Wealth Advisors LLC lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 6,393.8% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,039 shares of the company’s stock worth $106,000 after buying an additional 1,023 shares during the last quarter. G&S Capital LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth $728,000. FC Advisory LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 4.3% in the second quarter. FC Advisory LLC now owns 5,503 shares of the company’s stock valued at $562,000 after buying an additional 228 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the second quarter valued at about $476,000.

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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