iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sets New 1-Year Low – Here’s What Happened

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIPGet Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $100.50 and last traded at $100.5170, with a volume of 914 shares changing hands. The stock had previously closed at $100.63.

iShares 0-5 Year TIPS Bond ETF Price Performance

The firm has a 50-day moving average price of $100.99 and a two-hundred day moving average price of $102.37.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STIP. Buttonwood Financial Group LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 1.8% in the second quarter. Buttonwood Financial Group LLC now owns 6,001 shares of the company’s stock worth $613,000 after acquiring an additional 108 shares during the last quarter. Parallel Advisors LLC boosted its position in iShares 0-5 Year TIPS Bond ETF by 16.0% during the third quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock valued at $84,000 after purchasing an additional 112 shares during the last quarter. United Asset Strategies Inc. boosted its position in iShares 0-5 Year TIPS Bond ETF by 1.8% during the first quarter. United Asset Strategies Inc. now owns 6,594 shares of the company’s stock valued at $682,000 after purchasing an additional 119 shares during the last quarter. Breakwater Capital Group grew its stake in iShares 0-5 Year TIPS Bond ETF by 0.4% in the first quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock valued at $2,962,000 after purchasing an additional 120 shares in the last quarter. Finally, Running Point Capital Advisors LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 36.9% in the fourth quarter. Running Point Capital Advisors LLC now owns 449 shares of the company’s stock valued at $46,000 after purchasing an additional 121 shares in the last quarter.

About iShares 0-5 Year TIPS Bond ETF

(Get Free Report)

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.

Further Reading

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