iShares TIPS Bond ETF (NYSEARCA:TIP) Sets New 1-Year Low – What’s Next?

iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during mid-day trading on Monday . The stock 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 Price Performance

The company’s fifty day moving average price is $109.84 and its 200 day moving average price is $110.43. The company has a market cap of $14.44 billion, a PE ratio of 12.40 and a beta of 0.26.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of iShares TIPS Bond ETF by 8.0% in the 4th quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after buying an additional 1,102 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the first quarter valued at approximately $432,000. Goldman Sachs Group Inc. lifted its holdings in iShares TIPS Bond ETF by 82.1% during the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock worth $54,099,000 after acquiring an additional 219,598 shares during the period. Brown Advisory Inc. lifted its holdings in iShares TIPS Bond ETF by 5.1% during the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock worth $303,000 after acquiring an additional 134 shares during the period. Finally, NewEdge Advisors LLC boosted its position in iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock worth $3,731,000 after purchasing an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 63.62% of the company’s stock.

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.