iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Hits New 52-Week Low – Here’s Why

Shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) reached a new 52-week low during trading on Wednesday . The company traded as low as $102.09 and last traded at $102.11, with a volume of 1054284 shares. The stock had previously closed at $102.33.

iShares 0-5 Year TIPS Bond ETF Trading Down 0.4%

The firm’s fifty day moving average is $103.32 and its 200 day moving average is $103.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STIP. Chapman Financial Group LLC bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the 2nd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. purchased a new stake in iShares 0-5 Year TIPS Bond ETF in the fourth quarter worth $27,000. Caldwell Trust Co bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $29,000. Kingdom Financial Group LLC. bought a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $29,000. Finally, Avalon Trust Co purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the third quarter valued at $41,000.

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.