iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 12-Month High at $99.97

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $99.97 and last traded at $99.97, with a volume of 530 shares. The stock had previously closed at $99.28.

iShares 0-5 Year TIPS Bond ETF Stock Performance

The stock has a 50-day moving average of $99.02 and a 200-day moving average of $98.24.

Institutional Investors Weigh In On iShares 0-5 Year TIPS Bond ETF

A number of large investors have recently modified their holdings of the business. Maltin Wealth Management Inc. boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 38.6% in the 1st quarter. Maltin Wealth Management Inc. now owns 18,253 shares of the company’s stock valued at $1,815,000 after purchasing an additional 5,083 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 175.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 317,130 shares of the company’s stock valued at $31,532,000 after purchasing an additional 201,979 shares in the last quarter. Arkansas Financial Group Inc. boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 8.6% in the 1st quarter. Arkansas Financial Group Inc. now owns 119,498 shares of the company’s stock valued at $11,882,000 after purchasing an additional 9,437 shares in the last quarter. Investment Partners Asset Management Inc. boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 13.7% in the 1st quarter. Investment Partners Asset Management Inc. now owns 16,196 shares of the company’s stock valued at $1,610,000 after purchasing an additional 1,955 shares in the last quarter. Finally, Wealthcare Capital Management LLC boosted its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 925.3% in the 1st quarter. Wealthcare Capital Management LLC now owns 665,819 shares of the company’s stock valued at $66,202,000 after purchasing an additional 600,881 shares in the last quarter.

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.