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

Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during trading on Wednesday . The company traded as low as $107.82 and last traded at $107.82, with a volume of 805005 shares trading hands. The stock had previously closed at $107.88.

iShares TIPS Bond ETF Stock Down 0.3%

The stock has a market capitalization of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The business’s 50 day simple moving average is $109.25 and its 200-day simple moving average is $110.30.

Institutional Trading of iShares TIPS Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TIP. TD Capital Management LLC acquired a new position in iShares TIPS Bond ETF during the fourth quarter valued at approximately $25,000. Evolution Wealth Management Inc. bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $26,000. Woodside Wealth Management LLC increased its stake in shares of iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth $28,000. Finally, Smartleaf Asset Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $30,000. Institutional investors 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.