iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 12-Month High – What’s Next?

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price hit a new 52-week high on Monday . The stock traded as high as $111.40 and last traded at $111.10, with a volume of 4147 shares changing hands. The stock had previously closed at $110.65.

iShares TIPS Bond ETF Stock Performance

The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 12.43 and a beta of 0.29. The business’s 50 day moving average price is $108.99 and its two-hundred day moving average price is $108.56.

Institutional Trading of iShares TIPS Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock valued at $318,257,000 after buying an additional 51,713 shares in the last quarter. Sterling Financial Planning Inc. raised its position in shares of iShares TIPS Bond ETF by 70.6% during the fourth quarter. Sterling Financial Planning Inc. now owns 25,000 shares of the exchange traded fund’s stock worth $2,664,000 after purchasing an additional 10,345 shares during the period. Merit Financial Group LLC lifted its holdings in shares of iShares TIPS Bond ETF by 167.4% during the fourth quarter. Merit Financial Group LLC now owns 5,084 shares of the exchange traded fund’s stock valued at $542,000 after purchasing an additional 3,183 shares during the last quarter. M&T Bank Corp boosted its position in shares of iShares TIPS Bond ETF by 7.1% in the 4th quarter. M&T Bank Corp now owns 44,934 shares of the exchange traded fund’s stock valued at $4,788,000 after purchasing an additional 2,993 shares during the period. Finally, SigFig Wealth Management LLC raised its holdings in iShares TIPS Bond ETF by 5.5% during the 4th quarter. SigFig Wealth Management LLC now owns 28,760 shares of the exchange traded fund’s stock worth $3,060,000 after buying an additional 1,491 shares during the period.

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).