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

iShares TIPS Bond ETF (NYSEARCA:TIP)’s share price reached a new 52-week low on Monday . The stock traded as low as $108.99 and last traded at $108.99, with a volume of 621049 shares traded. The stock had previously closed at $109.39.

iShares TIPS Bond ETF Trading Down 0.4%

The firm has a market capitalization of $14.42 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock’s 50-day simple moving average is $110.63 and its 200-day simple moving average is $110.59.

Hedge Funds Weigh In On iShares TIPS Bond ETF

Several institutional investors have recently modified their holdings of TIP. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth $25,000. Woodside Wealth Management LLC grew its stake in iShares TIPS Bond ETF by 167.8% in the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Evolution Wealth Management Inc. bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $28,000. Finally, Holos Integrated Wealth LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter valued at $29,000. 63.62% of the stock is owned by 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.