iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 52-Week Low – Should You Sell?

Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $106.75 and last traded at $106.79, with a volume of 1120408 shares trading hands. The stock had previously closed at $106.99.

iShares TIPS Bond ETF Stock Performance

The stock has a fifty day moving average of $108.25 and a 200 day moving average of $109.97. The company has a market capitalization of $14.45 billion, a P/E ratio of 12.40 and a beta of 0.26.

Institutional Inflows and Outflows

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