iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 12-Month High – What’s Next?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $104.16 and last traded at $104.15, with a volume of 3595331 shares traded. The stock had previously closed at $104.01.

iShares 0-5 Year TIPS Bond ETF Price Performance

The firm has a 50-day simple moving average of $103.44 and a 200-day simple moving average of $103.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 436 shares of the company’s stock worth $45,000 after buying an additional 123 shares during the period. State Street Corp raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.5% in the second quarter. State Street Corp now owns 641,945 shares of the company’s stock worth $66,063,000 after buying an additional 3,063 shares during the period. Vivaldi Capital Management LP bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter worth about $285,000. Diversify Advisory Services LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 14.6% in the second quarter. Diversify Advisory Services LLC now owns 6,496 shares of the company’s stock worth $669,000 after buying an additional 830 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 24.8% in the second quarter. Raymond James Financial Inc. now owns 609,857 shares of the company’s stock worth $62,760,000 after buying an additional 121,311 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.