iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 1-Year Low – Here’s Why

iShares TIPS Bond ETF (NYSEARCA:TIP)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $106.41 and last traded at $106.4250, with a volume of 218653 shares. The stock had previously closed at $106.80.

iShares TIPS Bond ETF Stock Performance

The firm has a fifty day simple moving average of $107.36 and a 200 day simple moving average of $109.44. The company has a market capitalization of $14.32 billion, a PE ratio of 12.40 and a beta of 0.26.

Hedge Funds Weigh In On iShares TIPS Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in TIP. Coastal Bridge Advisors LLC raised its holdings in shares of iShares TIPS Bond ETF by 0.3% in the fourth quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock valued at $2,916,000 after acquiring an additional 90 shares in the last quarter. Wernau Asset Management Inc. raised its holdings in shares of iShares TIPS Bond ETF by 4.6% in the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after purchasing an additional 91 shares in the last quarter. Foster & Motley Inc. raised its holdings in shares of iShares TIPS Bond ETF by 0.3% in the 1st quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after purchasing an additional 92 shares in the last quarter. Auour Investments LLC lifted its position in shares of iShares TIPS Bond ETF by 2.3% in the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after purchasing an additional 93 shares during the period. Finally, Kintra Wealth LLC boosted its stake in shares of iShares TIPS Bond ETF by 3.4% during the second quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock valued at $304,000 after purchasing an additional 94 shares in the last quarter. 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.