iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report)’s stock price hit a new 52-week low on Monday . The stock traded as low as $106.75 and last traded at $106.79, with a volume of 1120408 shares changing hands. The stock had previously closed at $106.99.
iShares TIPS Bond ETF Trading Up 0.2%
The business’s 50 day simple moving average is $108.16 and its two-hundred day simple moving average is $109.92. The firm has a market capitalization of $14.48 billion, a P/E ratio of 12.40 and a beta of 0.26.
Hedge Funds Weigh In On iShares TIPS Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the company. TD Capital Management LLC purchased a new stake in iShares TIPS Bond ETF during the 4th quarter valued at $25,000. Woodside Wealth Management LLC lifted its holdings in shares of iShares TIPS Bond ETF by 167.8% during the fourth 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 in the last quarter. Evolution Wealth Management Inc. bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $26,000. Laurel Wealth Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at $28,000. Finally, Smartleaf Asset Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at $30,000. 63.62% of the stock is currently 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.
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