iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 1-Year High – Time to Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares reached a new 52-week high on Tuesday . The stock traded as high as $102.85 and last traded at $102.83, with a volume of 17365 shares traded. The stock had previously closed at $102.70.

iShares 0-5 Year TIPS Bond ETF Price Performance

The stock has a 50-day moving average of $101.27 and a two-hundred day moving average of $100.96.

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

A number of institutional investors and hedge funds have recently bought and sold shares of STIP. FMR LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 9.7% in the fourth quarter. FMR LLC now owns 3,308,805 shares of the company’s stock valued at $332,866,000 after acquiring an additional 293,457 shares during the period. Modera Wealth Management LLC boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 4.6% in the 4th quarter. Modera Wealth Management LLC now owns 1,894,273 shares of the company’s stock valued at $190,564,000 after purchasing an additional 82,678 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 3.9% in the 4th quarter. Ritholtz Wealth Management now owns 1,572,147 shares of the company’s stock worth $158,158,000 after purchasing an additional 59,199 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 5.2% during the 4th quarter. LPL Financial LLC now owns 1,538,970 shares of the company’s stock worth $154,820,000 after purchasing an additional 75,531 shares in the last quarter. Finally, 3EDGE Asset Management LP increased its position in shares of iShares 0-5 Year TIPS Bond ETF by 156.7% during the 4th quarter. 3EDGE Asset Management LP now owns 1,261,483 shares of the company’s stock worth $126,905,000 after purchasing an additional 770,017 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.