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

Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) hit a new 52-week high during trading on Friday . The company traded as high as $101.85 and last traded at $101.83, with a volume of 6971 shares traded. The stock had previously closed at $101.66.

iShares 0-5 Year TIPS Bond ETF Trading Up 0.1 %

The company has a fifty day moving average price of $100.99 and a two-hundred day moving average price of $100.80.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the fourth quarter valued at about $451,000. The Manufacturers Life Insurance Company bought a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at approximately $2,213,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth approximately $158,000. Prosperity Consulting Group LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 110.0% during the 4th quarter. Prosperity Consulting Group LLC now owns 12,998 shares of the company’s stock worth $1,308,000 after acquiring an additional 6,809 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 124.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 4,440 shares of the company’s stock valued at $447,000 after purchasing an additional 2,465 shares during the last quarter.

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.