iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 12-Month Low – Time to Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during trading on Tuesday . The company traded as low as $108.15 and last traded at $108.16, with a volume of 886984 shares trading hands. The stock had previously closed at $108.49.

iShares TIPS Bond ETF Stock Down 0.3%

The firm has a market cap of $14.51 billion, a PE ratio of 12.40 and a beta of 0.26. The company has a 50-day simple moving average of $110.19 and a two-hundred day simple moving average of $110.50.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Several institutional investors have recently made changes to their positions in TIP. Park Avenue Securities LLC boosted its holdings in iShares TIPS Bond ETF by 339.0% during the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after acquiring an additional 21,372 shares during the period. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in iShares TIPS Bond ETF in the third quarter valued at $834,000. Bank of America Corp DE raised its holdings in iShares TIPS Bond ETF by 32.3% in the 3rd quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares in the last quarter. Keybank National Association OH raised its stake in iShares TIPS Bond ETF by 3.0% in the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after buying an additional 18,437 shares in the last quarter. Finally, Envision Financial LLC lifted its stake in shares of iShares TIPS Bond ETF by 200.0% in the 4th quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock valued at $989,000 after purchasing an additional 6,000 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Company Profile

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.