iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 12-Month Low – Should You Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $108.15 and last traded at $108.16, with a volume of 886984 shares trading hands. The stock had previously closed at $108.49.

iShares TIPS Bond ETF Stock Performance

The company has a 50-day moving average of $109.98 and a 200-day moving average of $110.45. The firm has a market capitalization of $14.51 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after purchasing an additional 1,102 shares during the period. AQR Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the first quarter valued at about $432,000. Goldman Sachs Group Inc. boosted its position in shares of iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after buying an additional 219,598 shares during the period. Brown Advisory Inc. boosted its position in shares of iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after buying an additional 134 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of iShares TIPS Bond ETF by 5.3% during the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after buying an additional 1,717 shares in the last quarter. Institutional investors and hedge funds own 63.62% of the company’s stock.

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.