iShares TIPS Bond ETF (NYSEARCA:TIP) Sets New 52-Week Low – Should You Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP) hit a new 52-week low on Wednesday . The stock traded as low as $105.18 and last traded at $105.1390, with a volume of 163170 shares trading hands. The stock had previously closed at $105.56.

iShares TIPS Bond ETF Trading Down 0.6%

The stock has a fifty day simple moving average of $107.01 and a two-hundred day simple moving average of $109.14. The firm has a market cap of $14.52 billion, a PE ratio of 12.40 and a beta of 0.26.

Hedge Funds Weigh In On iShares TIPS Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF in the fourth quarter worth $25,000. Evolution Wealth Management Inc. purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth $26,000. Timbuktu Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the second quarter valued at about $52,000. EverSource Wealth Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 158.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 498 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 305 shares in the last quarter. Finally, Realta Investment Advisors boosted its stake in shares of iShares TIPS Bond ETF by 159.2% in the first quarter. Realta Investment Advisors now owns 521 shares of the exchange traded fund’s stock worth $58,000 after acquiring an additional 320 shares during the period. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

About iShares TIPS Bond ETF

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.