iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report) hit a new 52-week low on Monday . The company traded as low as $106.81 and last traded at $106.82, with a volume of 138012 shares traded. The stock had previously closed at $107.63.
iShares TIPS Bond ETF Stock Down 0.6%
The firm has a 50 day simple moving average of $108.92 and a 200-day simple moving average of $110.19. The stock has a market cap of $14.47 billion, a P/E ratio of 12.40 and a beta of 0.26.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Keybank National Association OH lifted its position in iShares TIPS Bond ETF by 3.0% during the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after acquiring an additional 18,437 shares during the last quarter. Calder Financial LLC bought a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $1,342,000. Farther Finance Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 141.2% in the fourth quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock valued at $5,950,000 after purchasing an additional 31,689 shares during the last quarter. Mezzasalma Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 106.0% in the fourth quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock valued at $5,099,000 after purchasing an additional 23,884 shares during the last quarter. Finally, Vise Technologies Inc. grew its position in shares of iShares TIPS Bond ETF by 320.3% in the fourth quarter. Vise Technologies Inc. now owns 7,699 shares of the exchange traded fund’s stock valued at $846,000 after purchasing an additional 5,867 shares during the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.
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.
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