iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Strong Trading Volume – Should You Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares saw unusually-high trading volume on Tuesday . Approximately 1,313,443 shares changed hands during trading, an increase of 80% from the previous session’s volume of 728,902 shares.The stock last traded at $102.90 and had previously closed at $102.84.

iShares 0-5 Year TIPS Bond ETF Price Performance

The business’s 50-day moving average is $103.27 and its two-hundred day moving average is $102.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its position in shares of iShares 0-5 Year TIPS Bond ETF by 356.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,245,078 shares of the company’s stock valued at $333,946,000 after acquiring an additional 2,533,763 shares during the period. Bank of America Corp DE increased its stake in iShares 0-5 Year TIPS Bond ETF by 71.1% in the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock valued at $166,203,000 after purchasing an additional 671,145 shares in the last quarter. Maseco LLP acquired a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth $64,472,000. Amplius Wealth Advisors LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 17,600.5% during the third quarter. Amplius Wealth Advisors LLC now owns 469,418 shares of the company’s stock worth $48,519,000 after purchasing an additional 466,766 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in iShares 0-5 Year TIPS Bond ETF by 34.1% in the second quarter. JPMorgan Chase & Co. now owns 1,543,492 shares of the company’s stock valued at $158,841,000 after purchasing an additional 392,850 shares during 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.