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

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares hit a new 52-week low on Tuesday. The stock traded as low as $99.62 and last traded at $99.64, with a volume of 1305807 shares changing hands. The stock had previously closed at $99.81.

iShares 0-5 Year TIPS Bond ETF Price Performance

The business’s fifty day simple moving average is $100.60 and its 200-day simple moving average is $102.05.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Buttonwood Financial Group LLC raised its position in iShares 0-5 Year TIPS Bond ETF by 1.8% during the 2nd quarter. Buttonwood Financial Group LLC now owns 6,001 shares of the company’s stock valued at $613,000 after purchasing an additional 108 shares during the last quarter. United Asset Strategies Inc. grew its position in shares of 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 worth $682,000 after buying an additional 119 shares during the last quarter. Breakwater Capital Group increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% during the first quarter. Breakwater Capital Group now owns 28,642 shares of the company’s stock valued at $2,962,000 after buying an additional 120 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 0.4% during the first quarter. Chicago Partners Investment Group LLC now owns 29,739 shares of the company’s stock valued at $3,085,000 after buying an additional 122 shares during the period. Finally, BTG Pactual Asset Management US LLC raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 2.2% during the second quarter. BTG Pactual Asset Management US LLC now owns 6,175 shares of the company’s stock valued at $639,000 after acquiring an additional 134 shares in 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.