iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 1-Year Low – Here’s What Happened

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price hit a new 52-week low on Tuesday . The company traded as low as $107.39 and last traded at $107.39, with a volume of 1262026 shares changing hands. The stock had previously closed at $107.50.

iShares TIPS Bond ETF Stock Down 0.1%

The stock has a market capitalization of $14.51 billion, a P/E ratio of 12.40 and a beta of 0.26. The company has a fifty day moving average price of $109.13 and a 200-day moving average price of $110.26.

Institutional Trading of iShares TIPS Bond ETF

Several hedge funds have recently modified their holdings of the company. Keybank National Association OH increased its holdings in shares of iShares TIPS Bond ETF by 3.0% in the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after buying an additional 18,437 shares during the last quarter. Calder Financial LLC purchased a new position in iShares TIPS Bond ETF in the fourth quarter worth about $1,342,000. Mezzasalma Advisors LLC increased its stake in iShares TIPS Bond ETF by 106.0% during the fourth quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock worth $5,099,000 after acquiring an additional 23,884 shares during the last quarter. Farther Finance Advisors LLC increased its stake in iShares TIPS Bond ETF by 141.2% during the fourth quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock worth $5,950,000 after acquiring an additional 31,689 shares during the last quarter. Finally, Arta Finance Wealth Management LLC purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at approximately $707,000. 63.62% of the stock is owned by hedge funds and other institutional investors.

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.