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

iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during trading on Tuesday . The company traded as low as $107.39 and last traded at $107.39, with a volume of 1262026 shares. The stock had previously closed at $107.50.

iShares TIPS Bond ETF Stock Up 0.1%

The firm has a fifty day moving average price of $109.03 and a two-hundred day moving average price of $110.23. The stock has a market capitalization of $14.58 billion, a P/E ratio of 12.40 and a beta of 0.26.

Institutional Trading of iShares TIPS Bond ETF

Several institutional investors have recently bought and sold shares of the company. Coastal Bridge Advisors LLC lifted its stake in shares of iShares TIPS Bond ETF by 0.3% in the fourth quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock worth $2,916,000 after buying an additional 90 shares in the last quarter. Wernau Asset Management Inc. grew its holdings in shares of iShares TIPS Bond ETF by 4.6% during the first quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 91 shares during the last quarter. Foster & Motley Inc. increased its position in shares of iShares TIPS Bond ETF by 0.3% during the first quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after acquiring an additional 92 shares in the last quarter. Rock Point Advisors LLC increased its position in shares of iShares TIPS Bond ETF by 4.6% during the fourth quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 93 shares in the last quarter. Finally, Auour Investments LLC raised its holdings in iShares TIPS Bond ETF by 2.3% in the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after acquiring an additional 93 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

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). 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.