iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 52-Week Low – What’s Next?

iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $108.26 and last traded at $108.34, with a volume of 93369 shares trading hands. The stock had previously closed at $109.43.

iShares TIPS Bond ETF Stock Performance

The company has a market capitalization of $14.34 billion, a PE ratio of 12.40 and a beta of 0.26. The stock’s 50 day moving average is $110.37 and its 200 day moving average is $110.54.

Institutional Investors Weigh In On iShares TIPS Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of TIP. Bank of America Corp DE raised its stake in shares of iShares TIPS Bond ETF by 18.1% during the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock valued at $2,685,035,000 after purchasing an additional 3,729,751 shares during the period. Valpey Financial Services LLC boosted its stake in iShares TIPS Bond ETF by 10,997.3% in the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $187,000. Pictet Asset Management Holding SA grew its holdings in iShares TIPS Bond ETF by 16.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock valued at $164,565,000 after buying an additional 214,700 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in iShares TIPS Bond ETF by 43.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after buying an additional 417,901 shares in the last quarter. Institutional investors 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.