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

iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $108.15 and last traded at $108.16, with a volume of 886984 shares changing hands. The stock had previously closed at $108.49.

iShares TIPS Bond ETF Stock Performance

The company has a fifty day simple moving average of $110.19 and a two-hundred day simple moving average of $110.50. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TIP. Bank of America Corp DE boosted its position in iShares TIPS Bond ETF by 18.1% during the 1st quarter. Bank of America Corp DE now owns 24,329,782 shares of the exchange traded fund’s stock worth $2,685,035,000 after buying an additional 3,729,751 shares during the period. Valpey Financial Services LLC boosted its position in shares of iShares TIPS Bond ETF by 10,997.3% during the 4th quarter. Valpey Financial Services LLC now owns 2,428,978 shares of the exchange traded fund’s stock valued at $266,969,000 after purchasing an additional 2,407,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $187,000. Pictet Asset Management Holding SA grew its holdings in iShares TIPS Bond ETF by 16.8% in the first quarter. Pictet Asset Management Holding SA now owns 1,491,300 shares of the exchange traded fund’s stock worth $164,565,000 after purchasing an additional 214,700 shares during the period. Finally, Ameriprise Financial Inc. increased its position in iShares TIPS Bond ETF by 43.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,388,933 shares of the exchange traded fund’s stock valued at $152,991,000 after buying an additional 417,901 shares in the last quarter. 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.