iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 52-Week Low – Here’s Why

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $108.99 and last traded at $108.99, with a volume of 621049 shares. The stock had previously closed at $109.39.

iShares TIPS Bond ETF Stock Up 0.4%

The firm has a 50-day moving average of $110.55 and a two-hundred day moving average of $110.57. The company has a market capitalization of $14.46 billion, a PE ratio of 12.40 and a beta of 0.26.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter worth $25,000. Evolution Wealth Management Inc. purchased a new position in iShares TIPS Bond ETF in the fourth quarter valued at $26,000. Woodside Wealth Management LLC raised its position in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares during the period. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $28,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

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.