iShares TIPS Bond ETF (NYSEARCA:TIP – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $106.72 and last traded at $106.73, with a volume of 1195947 shares traded. The stock had previously closed at $106.94.
iShares TIPS Bond ETF Stock Down 0.2%
The stock’s 50 day moving average is $107.82 and its 200-day moving average is $109.74. The company has a market cap of $14.45 billion, a PE ratio of 12.40 and a beta of 0.26.
Institutional Trading of iShares TIPS Bond ETF
Several hedge funds have recently made changes to their positions in the business. TD Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $25,000. Evolution Wealth Management Inc. purchased a new stake in iShares TIPS Bond ETF during the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC bought a new stake in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $30,000. Finally, Pittenger & Anderson Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $34,000. 63.62% of the stock is currently owned by hedge funds and other 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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