iShares TIPS Bond ETF (NYSEARCA:TIP) Sets New 52-Week Low – Should You Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $105.18 and last traded at $105.1390, with a volume of 163170 shares changing hands. The stock had previously closed at $105.56.

iShares TIPS Bond ETF Stock Performance

The stock has a market cap of $14.52 billion, a P/E ratio of 12.40 and a beta of 0.26. The firm’s 50 day moving average is $107.01 and its 200 day moving average is $109.14.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wernau Asset Management Inc. increased its position in shares of iShares TIPS Bond ETF by 4.6% during the 1st quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after purchasing an additional 91 shares during the last quarter. Foster & Motley Inc. raised its stake in shares of iShares TIPS Bond ETF by 0.3% in the first quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock valued at $3,646,000 after buying an additional 92 shares during the period. Auour Investments LLC grew its stake in shares of iShares TIPS Bond ETF by 2.3% during the 1st quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after acquiring an additional 93 shares during the period. Kintra Wealth LLC increased its holdings in iShares TIPS Bond ETF by 3.4% in the 2nd quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 94 shares during the last quarter. Finally, FC Advisory LLC raised its stake in iShares TIPS Bond ETF by 1.9% in the 2nd quarter. FC Advisory LLC now owns 5,445 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 102 shares during the period. 63.62% of the stock is currently owned by institutional investors and hedge funds.

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.