iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 52-Week Low – What’s Next?

Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during trading on Wednesday . The company traded as low as $108.26 and last traded at $108.34, with a volume of 93369 shares trading hands. The stock had previously closed at $109.43.

iShares TIPS Bond ETF Price Performance

The firm’s 50 day moving average is $110.37 and its 200 day moving average is $110.54. The company has a market cap of $14.34 billion, a PE ratio of 12.40 and a beta of 0.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of iShares TIPS Bond ETF by 18.1% during the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after purchasing an additional 3,729,751 shares in the last quarter. Valpey Financial Services LLC raised its position in shares of iShares TIPS Bond ETF by 10,997.3% in the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after buying an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in iShares TIPS Bond ETF during the fourth quarter valued at $187,000. Pictet Asset Management Holding SA boosted its stake in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after buying an additional 214,700 shares during the period. Finally, Ameriprise Financial Inc. grew its position in iShares TIPS Bond ETF by 43.0% during the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after buying an additional 417,901 shares in the last quarter. 63.62% of the stock is owned by institutional investors.

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.