iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) Sees Unusually-High Trading Volume – Here’s Why

iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) shares saw unusually-strong trading volume on Wednesday . Approximately 1,766,110 shares changed hands during 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 stock’s 50-day moving average is $100.85 and its 200-day moving average is $100.24.

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

Large investors have recently bought and sold shares of the stock. Larson Financial Group LLC raised its stake in iShares 0-5 Year TIPS Bond ETF by 5,300.0% during the second quarter. Larson Financial Group LLC now owns 270 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period. IAG Wealth Partners LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth approximately $30,000. Ridgewood Investments LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth approximately $34,000. Kings Path Partners LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF during the second quarter worth approximately $83,000. Finally, AdvisorNet Financial Inc raised its stake in iShares 0-5 Year TIPS Bond ETF by 39.1% during the second quarter. AdvisorNet Financial Inc now owns 1,157 shares of the company’s stock worth $115,000 after purchasing an additional 325 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.