iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 12-Month High – Should You Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) hit a new 52-week high during trading on Monday . The stock traded as high as $103.69 and last traded at $103.69, with a volume of 656 shares trading hands. The stock had previously closed at $103.56.

iShares 0-5 Year TIPS Bond ETF Price Performance

The firm has a 50 day simple moving average of $102.81 and a 200-day simple moving average of $102.61.

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

A number of large investors have recently made changes to their positions in STIP. Envestnet Asset Management Inc. increased its stake in 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 worth $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% during the 2nd quarter. Bank of America Corp DE now owns 1,615,034 shares of the company’s stock worth $166,203,000 after acquiring an additional 671,145 shares during the period. Maseco LLP bought a new position in iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth $64,472,000. Dynasty Wealth Management LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 115.2% during the 1st quarter. Dynasty Wealth Management LLC now owns 946,182 shares of the company’s stock worth $97,901,000 after acquiring an additional 506,435 shares during the period. Finally, Quotient Wealth Partners LLC increased its stake in iShares 0-5 Year TIPS Bond ETF by 108.5% during the 1st quarter. Quotient Wealth Partners LLC now owns 904,284 shares of the company’s stock worth $93,566,000 after acquiring an additional 470,472 shares during the period.

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.