iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 12-Month Low – Here’s What Happened

iShares TIPS Bond ETF (NYSEARCA:TIP) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $105.68 and last traded at $105.79, with a volume of 1408444 shares traded. The stock had previously closed at $105.82.

iShares TIPS Bond ETF Price Performance

The firm has a 50-day moving average of $107.16 and a 200 day moving average of $109.26. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of iShares TIPS Bond ETF by 18.1% during the first quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after acquiring an additional 3,729,751 shares during the period. Valpey Financial Services LLC increased its stake in shares of iShares TIPS Bond ETF by 10,997.3% during the fourth quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock worth $266,969,000 after purchasing an additional 2,407,090 shares during the period. Capitolis Liquid Global Markets LLC increased its stake in shares of iShares TIPS Bond ETF by 846.0% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 473,000 shares of the exchange traded fund’s stock worth $51,987,000 after purchasing an additional 423,000 shares during the period. Passaic Partners LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter worth approximately $39,988,000. Finally, CI Investments Inc. lifted its holdings in iShares TIPS Bond ETF by 28.7% during the 1st quarter. CI Investments Inc. now owns 1,166,832 shares of the exchange traded fund’s stock worth $128,772,000 after purchasing an additional 260,055 shares during the last quarter. Institutional investors 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.