iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sets New 1-Year High – Here’s Why

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares reached a new 52-week high during trading on Friday . The stock traded as high as $103.96 and last traded at $103.95, with a volume of 152773 shares. The stock had previously closed at $103.84.

iShares 0-5 Year TIPS Bond ETF Stock Up 0.2%

The company’s fifty day simple moving average is $103.33 and its 200 day simple moving average is $103.00.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,319,880 shares of the company’s stock valued at $343,143,000 after buying an additional 74,802 shares in the last quarter. Ritholtz Wealth Management raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% during the 1st quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock valued at $249,246,000 after buying an additional 153,948 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 6.7% during the 4th quarter. Modera Wealth Management LLC now owns 2,279,268 shares of the company’s stock valued at $233,374,000 after buying an additional 142,348 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 8.7% during the 3rd quarter. Bank of America Corp DE now owns 1,755,257 shares of the company’s stock valued at $181,423,000 after buying an additional 140,223 shares in the last quarter. Finally, 3EDGE Asset Management LP raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 5.7% during the 3rd quarter. 3EDGE Asset Management LP now owns 1,179,708 shares of the company’s stock valued at $121,929,000 after buying an additional 63,189 shares in the last quarter.

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.