iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as $107.95 and last traded at $107.95, with a volume of 139494 shares. The stock had previously closed at $108.13.
iShares TIPS Bond ETF Stock Down 0.2%
The company has a market cap of $14.44 billion, a P/E ratio of 12.40 and a beta of 0.26. The company’s 50-day moving average is $109.84 and its two-hundred day moving average is $110.43.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. TD Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $25,000. Woodside Wealth Management LLC increased its position in iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in iShares TIPS Bond ETF in the fourth quarter worth $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $28,000. Finally, Holos Integrated Wealth LLC bought a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at $29,000. 63.62% of the stock is owned by institutional investors.
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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