iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sets New 12-Month Low – Should You Sell?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $99.83 and last traded at $99.8350, with a volume of 138303 shares changing hands. The stock had previously closed at $99.97.

iShares 0-5 Year TIPS Bond ETF Stock Performance

The business has a 50 day moving average of $100.80 and a 200-day moving average of $102.20.

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

Hedge funds have recently modified their holdings of the business. State Street Corp grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 1.9% during the second quarter. State Street Corp now owns 665,185 shares of the company’s stock worth $67,955,000 after buying an additional 12,572 shares during the last quarter. Talon Private Wealth LLC lifted its position in iShares 0-5 Year TIPS Bond ETF by 1.8% during the 2nd quarter. Talon Private Wealth LLC now owns 112,479 shares of the company’s stock worth $11,491,000 after acquiring an additional 1,985 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at approximately $10,012,000. Tortoise Investment Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 7.2% in the second quarter. Tortoise Investment Management LLC now owns 900,987 shares of the company’s stock valued at $92,045,000 after purchasing an additional 60,756 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.9% in the second quarter. Sequoia Financial Advisors LLC now owns 5,176 shares of the company’s stock valued at $529,000 after purchasing an additional 147 shares during the period.

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.