iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sets New 1-Year High – Should You Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $102.98 and last traded at $102.95, with a volume of 24768 shares traded. The stock had previously closed at $102.82.

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

The stock has a fifty day moving average price of $101.88 and a 200-day moving average price of $101.20.

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

Large investors have recently added to or reduced their stakes in the company. Brooklyn FI LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 6,349.4% during the fourth quarter. Brooklyn FI LLC now owns 1,215,009 shares of the company’s stock valued at $122,469,000 after purchasing an additional 1,196,170 shares during the last quarter. 3EDGE Asset Management LP boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 156.7% in the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock valued at $126,905,000 after buying an additional 770,017 shares during the period. Assetmark Inc. grew its position in shares of iShares 0-5 Year TIPS Bond ETF by 459,144.4% during the 4th quarter. Assetmark Inc. now owns 578,648 shares of the company’s stock valued at $58,212,000 after buying an additional 578,522 shares during the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $44,239,000. Finally, Raymond James Financial Inc. acquired a new stake in iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth about $40,443,000.

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.