iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 52-Week High – Still a Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares reached a new 52-week high on Thursday . The stock traded as high as $101.86 and last traded at $101.86, with a volume of 541628 shares trading hands. The stock had previously closed at $101.75.

iShares 0-5 Year TIPS Bond ETF Price Performance

The stock’s 50 day simple moving average is $101.08 and its two-hundred day simple moving average is $100.86.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of STIP. Transce3nd LLC acquired a new position in iShares 0-5 Year TIPS Bond ETF during the 4th quarter worth $25,000. Knuff & Co LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $26,000. Chapman Financial Group LLC acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter valued at $33,000. Pflug Koory LLC boosted its holdings in iShares 0-5 Year TIPS Bond ETF by 534.7% in the fourth quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the last quarter. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth about $52,000.

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.