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)’s share price reached a new 52-week high on Friday . The stock traded as high as $103.96 and last traded at $103.95, with a volume of 152773 shares changing hands. The stock had previously closed at $103.84.

iShares 0-5 Year TIPS Bond ETF Price Performance

The business’s 50-day moving average is $103.33 and its 200 day moving average is $103.00.

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

A number of large investors have recently modified their holdings of the stock. DeLarme Wealth Management Inc. boosted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 111.4% during the 1st quarter. DeLarme Wealth Management Inc. now owns 5,265 shares of the company’s stock valued at $545,000 after purchasing an additional 2,775 shares in the last quarter. Eagle Wealth Advisors LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 54.7% during the first quarter. Eagle Wealth Advisors LLC now owns 40,167 shares of the company’s stock worth $4,154,000 after acquiring an additional 14,198 shares in the last quarter. Traub Capital Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 5.9% during the first quarter. Traub Capital Management LLC now owns 23,987 shares of the company’s stock worth $2,481,000 after acquiring an additional 1,340 shares in the last quarter. Sellwood Investment Partners LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 44.1% during the first quarter. Sellwood Investment Partners LLC now owns 24,231 shares of the company’s stock worth $2,506,000 after acquiring an additional 7,419 shares in the last quarter. Finally, Comprehensive Money Management Services LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 2.1% during the first quarter. Comprehensive Money Management Services LLC now owns 12,434 shares of the company’s stock worth $1,286,000 after acquiring an additional 255 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.