iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 52-Week High at $117.11

iShares TIPS Bond ETF (NYSEARCA:TIP) hit a new 52-week high on Monday . The company traded as high as $117.11 and last traded at $117.03, with a volume of 38834 shares. The stock had previously closed at $116.54.

The business has a 50 day simple moving average of $115.31.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ellis Investment Partners LLC boosted its stake in shares of iShares TIPS Bond ETF by 11,486.3% during the 1st quarter. Ellis Investment Partners LLC now owns 2,341,131 shares of the exchange traded fund’s stock worth $2,341,000 after buying an additional 2,320,925 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of iShares TIPS Bond ETF by 334.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,701,279 shares of the exchange traded fund’s stock worth $192,363,000 after buying an additional 1,309,756 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of iShares TIPS Bond ETF by 398.2% during the 2nd quarter. SG Americas Securities LLC now owns 1,206,431 shares of the exchange traded fund’s stock worth $139,331,000 after buying an additional 964,257 shares during the last quarter. BlackRock Inc. boosted its stake in shares of iShares TIPS Bond ETF by 7.7% during the 1st quarter. BlackRock Inc. now owns 12,565,786 shares of the exchange traded fund’s stock worth $1,420,813,000 after buying an additional 899,751 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of iShares TIPS Bond ETF by 715.7% during the 1st quarter. Citigroup Inc. now owns 714,500 shares of the exchange traded fund’s stock worth $80,788,000 after buying an additional 626,902 shares during the last quarter.

About iShares TIPS Bond ETF (NYSEARCA:TIP)

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).

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