iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 1-Year Low – Time to Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP) shares reached a new 52-week low during trading on Wednesday. The stock traded as low as $105.18 and last traded at $105.1390, with a volume of 163170 shares traded. The stock had previously closed at $105.56.

iShares TIPS Bond ETF Price Performance

The company has a market cap of $14.45 billion, a PE ratio of 12.40 and a beta of 0.26. The stock has a 50 day simple moving average of $106.87 and a two-hundred day simple moving average of $109.04.

Institutional Trading of iShares TIPS Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wernau Asset Management Inc. increased its stake in 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 worth $228,000 after acquiring an additional 91 shares during the last quarter. Foster & Motley Inc. lifted its stake in shares of 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 valued at $3,646,000 after purchasing an additional 92 shares during the last quarter. Auour Investments LLC lifted its stake in shares of 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 valued at $449,000 after purchasing an additional 93 shares during the last quarter. Kintra Wealth LLC boosted its holdings in shares of iShares TIPS Bond ETF by 3.4% in the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after purchasing an additional 94 shares during the period. Finally, FC Advisory LLC boosted its holdings in shares of iShares TIPS Bond ETF by 1.9% in the 2nd quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 102 shares during the period. Hedge funds and other 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.