iShares TIPS Bond ETF (NYSEARCA:TIP) Sets New 12-Month Low – Here’s What Happened

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $106.75 and last traded at $106.79, with a volume of 1120408 shares changing hands. The stock had previously closed at $106.99.

iShares TIPS Bond ETF Price Performance

The stock’s 50-day moving average is $108.25 and its two-hundred day moving average is $109.97. The stock has a market cap of $14.45 billion, a P/E ratio of 12.40 and a beta of 0.26.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of iShares TIPS Bond ETF by 18.1% in the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after purchasing an additional 3,729,751 shares during the period. Valpey Financial Services LLC raised its holdings in iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after buying an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $187,000. Northwestern Mutual Wealth Management Co. lifted its position in iShares TIPS Bond ETF by 176.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,248,103 shares of the exchange traded fund’s stock worth $137,179,000 after buying an additional 797,259 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in iShares TIPS Bond ETF by 615.5% in the third quarter. BNP Paribas Financial Markets now owns 649,189 shares of the exchange traded fund’s stock worth $72,203,000 after buying an additional 558,456 shares during the last quarter. 63.62% of the stock is owned by 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.