iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Reaches New 12-Month Low – Should You Sell?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $100.01 and last traded at $100.01, with a volume of 1692765 shares. The stock had previously closed at $100.29.

iShares 0-5 Year TIPS Bond ETF Stock Down 0.2%

The firm’s fifty day simple moving average is $100.85 and its 200 day simple moving average is $102.25.

Institutional Trading of iShares 0-5 Year TIPS Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Talon Private Wealth LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 1.8% during the second quarter. Talon Private Wealth LLC now owns 112,479 shares of the company’s stock worth $11,491,000 after acquiring an additional 1,985 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at about $10,012,000. Tortoise Investment Management LLC grew its stake in shares of iShares 0-5 Year TIPS Bond ETF by 7.2% in the 2nd quarter. Tortoise Investment Management LLC now owns 900,987 shares of the company’s stock valued at $92,045,000 after buying an additional 60,756 shares during the period. Sequoia Financial Advisors LLC increased its position in iShares 0-5 Year TIPS Bond ETF by 2.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,176 shares of the company’s stock valued at $529,000 after buying an additional 147 shares in the last quarter. Finally, Van Hulzen Asset Management LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 1.2% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 30,690 shares of the company’s stock worth $3,135,000 after buying an additional 368 shares during the period.

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.