iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 1-Year Low – Time to Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price hit a new 52-week low on Monday . The stock traded as low as $107.95 and last traded at $107.95, with a volume of 139494 shares. The stock had previously closed at $108.13.

iShares TIPS Bond ETF Stock Up 0.1%

The company’s fifty day moving average price is $109.71 and its two-hundred day moving average price is $110.40. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

Institutional Investors Weigh In On iShares TIPS Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TD Capital Management LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at $25,000. Woodside Wealth Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 151 shares during the last quarter. Evolution Wealth Management Inc. bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth $26,000. Laurel Wealth Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $28,000. Finally, Holos Integrated Wealth LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $29,000. 63.62% of the stock is owned by institutional investors and hedge funds.

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.