iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 1-Year Low – Should You Sell?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares hit a new 52-week low on Wednesday. The stock traded as low as $99.83 and last traded at $99.8350, with a volume of 138303 shares traded. The stock had previously closed at $99.97.

iShares 0-5 Year TIPS Bond ETF Stock Performance

The stock’s 50 day moving average price is $100.74 and its 200-day moving average price is $102.15.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 380.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 86,146 shares of the company’s stock worth $8,801,000 after purchasing an additional 68,220 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares 0-5 Year TIPS Bond ETF by 77.4% in the second quarter. Envestnet Asset Management Inc. now owns 1,995,879 shares of the company’s stock worth $203,899,000 after purchasing an additional 870,609 shares in the last quarter. State Street Corp raised its holdings in iShares 0-5 Year TIPS Bond ETF by 1.9% in the second quarter. State Street Corp now owns 665,185 shares of the company’s stock worth $67,955,000 after purchasing an additional 12,572 shares in the last quarter. Talon Private Wealth LLC raised its holdings in iShares 0-5 Year TIPS Bond ETF by 1.8% in the second quarter. Talon Private Wealth LLC now owns 112,479 shares of the company’s stock worth $11,491,000 after purchasing an additional 1,985 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the second quarter valued at about $10,012,000.

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.