iShares TIPS Bond ETF (NYSEARCA:TIP) Shares Cross Below Fifty Day Moving Average – Here’s Why

iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $105.53 and traded as low as $105.11. iShares TIPS Bond ETF shares last traded at $105.29, with a volume of 3,432,043 shares trading hands.

iShares TIPS Bond ETF Trading Down 0.7%

The company has a market capitalization of $14.46 billion, a PE ratio of 12.40 and a beta of 0.27. The company’s 50 day moving average price is $105.53 and its 200-day moving average price is $108.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in shares of iShares TIPS Bond ETF in the 3rd quarter valued at about $11,471,000. Madden Advisory Services Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth about $1,597,000. OneAscent Financial Services LLC grew its holdings in shares of iShares TIPS Bond ETF by 14.5% during the 3rd quarter. OneAscent Financial Services LLC now owns 12,687 shares of the exchange traded fund’s stock worth $1,320,000 after purchasing an additional 1,611 shares during the period. Composition Wealth LLC acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $310,000. Finally, Stelac Advisory Services LLC acquired a new stake in iShares TIPS Bond ETF during the 3rd quarter worth approximately $6,691,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

About iShares TIPS Bond ETF

(Get Free Report)

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.

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