iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 52-Week High – Here’s Why

Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $101.86 and last traded at $101.86, with a volume of 541628 shares. The stock had previously closed at $101.75.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.1 %

The stock’s 50 day moving average is $101.04 and its 200-day moving average is $100.84.

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

A number of institutional investors have recently bought and sold shares of the stock. Raymond James & Associates increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 8.4% during the third quarter. Raymond James & Associates now owns 138,420 shares of the company’s stock valued at $14,025,000 after purchasing an additional 10,692 shares in the last quarter. Liberty Capital Management Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at approximately $255,000. Lazari Capital Management Inc. increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 3.7% during the third quarter. Lazari Capital Management Inc. now owns 20,572 shares of the company’s stock valued at $2,084,000 after purchasing an additional 732 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 10,049.6% during the third 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 in the last quarter. Finally, Silver Oak Securities Incorporated increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 49.5% during the third quarter. Silver Oak Securities Incorporated now owns 177,497 shares of the company’s stock valued at $17,998,000 after purchasing an additional 58,766 shares in 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.