iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $107.82 and last traded at $107.82, with a volume of 805005 shares. The stock had previously closed at $107.88.
iShares TIPS Bond ETF Price Performance
The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The company has a 50 day simple moving average of $109.39 and a 200 day simple moving average of $110.33.
Institutional Trading of iShares TIPS Bond ETF
A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in iShares TIPS Bond ETF by 18.1% during the 1st 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 purchasing an additional 3,729,751 shares in the last quarter. Valpey Financial Services LLC lifted its position in 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 valued at $266,969,000 after buying an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF during the fourth quarter valued at approximately $187,000. Pictet Asset Management Holding SA grew its stake in iShares TIPS Bond ETF by 16.8% during the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after buying an additional 214,700 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in iShares TIPS Bond ETF by 43.0% during the second quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock worth $152,991,000 after buying an additional 417,901 shares during the period. Hedge funds and other 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.
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