iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Large Volume Increase – Time to Buy?

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares saw unusually-strong trading volume on Wednesday . Approximately 1,766,110 shares were traded during mid-day trading, an increase of 252% from the previous session’s volume of 501,248 shares.The stock last traded at $101.03 and had previously closed at $100.98.

iShares 0-5 Year TIPS Bond ETF Stock Performance

The business’s 50-day moving average is $100.84 and its two-hundred day moving average is $100.25.

Hedge Funds Weigh In On iShares 0-5 Year TIPS Bond ETF

Several institutional investors have recently made changes to their positions in the stock. New York Life Investment Management LLC increased its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 415.8% in the 2nd quarter. New York Life Investment Management LLC now owns 268,939 shares of the company’s stock worth $26,757,000 after acquiring an additional 216,799 shares during the period. LPL Financial LLC grew its position in iShares 0-5 Year TIPS Bond ETF by 16.0% in the 3rd quarter. LPL Financial LLC now owns 1,463,439 shares of the company’s stock worth $148,276,000 after purchasing an additional 201,769 shares during the last quarter. Brookstone Capital Management increased its stake in shares of iShares 0-5 Year TIPS Bond ETF by 4,176.7% in the third quarter. Brookstone Capital Management now owns 185,739 shares of the company’s stock valued at $18,819,000 after purchasing an additional 181,396 shares during the period. Victory Capital Management Inc. raised its holdings in shares of iShares 0-5 Year TIPS Bond ETF by 57.1% during the third quarter. Victory Capital Management Inc. now owns 370,019 shares of the company’s stock valued at $37,490,000 after buying an additional 134,440 shares during the last quarter. Finally, Modera Wealth Management LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 6.8% during the 2nd quarter. Modera Wealth Management LLC now owns 1,710,158 shares of the company’s stock valued at $170,144,000 after acquiring an additional 109,366 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.