iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 1-Year Low – What’s Next?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $101.83 and last traded at $101.84, with a volume of 1018662 shares traded. The stock had previously closed at $102.06.

iShares 0-5 Year TIPS Bond ETF Stock Performance

The firm has a 50 day simple moving average of $103.21 and a 200-day simple moving average of $102.99.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Blue Edge Capital LLC raised its stake in shares of iShares 0-5 Year TIPS Bond ETF by 2.4% in the 3rd quarter. Blue Edge Capital LLC now owns 4,798 shares of the company’s stock valued at $496,000 after acquiring an additional 112 shares during the period. Parallel Advisors LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 16.0% during the 3rd quarter. Parallel Advisors LLC now owns 811 shares of the company’s stock worth $84,000 after purchasing an additional 112 shares during the period. BWM Planning LLC boosted its position in shares of iShares 0-5 Year TIPS Bond ETF by 2.0% during the 4th quarter. BWM Planning LLC now owns 5,899 shares of the company’s stock worth $604,000 after purchasing an additional 118 shares during the period. United Asset Strategies Inc. increased its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% in the 1st 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. Finally, Breakwater Capital Group increased its holdings in iShares 0-5 Year TIPS Bond ETF by 0.4% in the 1st 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 during the last quarter.

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.