iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 1-Year Low – Time to Sell?

by · The Markets Daily

iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $106.81 and last traded at $106.82, with a volume of 138012 shares changing hands. The stock had previously closed at $107.63.

iShares TIPS Bond ETF Stock Performance

The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. The business has a fifty day simple moving average of $108.92 and a 200 day simple moving average of $110.19.

Hedge Funds Weigh In On iShares TIPS Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of TIP. Keybank National Association OH raised its stake in iShares TIPS Bond ETF by 3.0% in the 4th quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock worth $69,814,000 after purchasing an additional 18,437 shares in the last quarter. Calder Financial LLC acquired a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $1,342,000. Mezzasalma Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 106.0% during the 4th quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock worth $5,099,000 after purchasing an additional 23,884 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of iShares TIPS Bond ETF by 141.2% during the 4th quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock worth $5,950,000 after purchasing an additional 31,689 shares in the last quarter. Finally, Arta Finance Wealth Management LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $707,000. 63.62% of the stock is currently owned by institutional investors and hedge funds.

About iShares TIPS Bond ETF

(Get Free Report)

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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