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

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $106.72 and last traded at $106.73, with a volume of 1195947 shares changing hands. The stock had previously closed at $106.94.

iShares TIPS Bond ETF Stock Down 0.2%

The business has a 50-day moving average price of $107.82 and a two-hundred day moving average price of $109.74. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

Institutional Inflows and Outflows

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