iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sets New 1-Year High at $100.04

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $100.04 and last traded at $100.03, with a volume of 15525 shares traded. The stock had previously closed at $99.82.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.2 %

The business’s fifty day moving average is $99.31 and its 200-day moving average is $99.12.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STIP. Norden Group LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 328.7% during the first quarter. Norden Group LLC now owns 9,485,856 shares of the company’s stock worth $943,179,000 after purchasing an additional 7,273,167 shares during the period. Wealthcare Capital Management LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 925.3% in the first quarter. Wealthcare Capital Management LLC now owns 665,819 shares of the company’s stock valued at $66,202,000 after acquiring an additional 600,881 shares during the period. Dynasty Wealth Management LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the first quarter valued at approximately $44,227,000. Quotient Wealth Partners LLC bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $35,444,000. Finally, Principal Securities Inc. bought a new position in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at approximately $22,174,000.

About iShares 0-5 Year TIPS Bond ETF

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.