iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 1-Year Low – Here’s Why

iShares TIPS Bond ETF (NYSEARCA:TIP) shares hit a new 52-week low during mid-day trading on Wednesday . The company 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 Stock Performance

The stock has a market cap of $14.54 billion, a PE ratio of 12.40 and a beta of 0.26. The business has a 50 day moving average of $109.39 and a 200-day moving average of $110.33.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. TD Capital Management LLC acquired a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $25,000. Evolution Wealth Management Inc. acquired a new position in iShares TIPS Bond ETF during the fourth quarter worth approximately $26,000. Woodside Wealth Management LLC increased its position in 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 worth $26,000 after purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter worth approximately $28,000. Finally, Smartleaf Asset Management LLC purchased a new position in iShares TIPS Bond ETF during the fourth quarter worth approximately $30,000. 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.