iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 12-Month Low – Time to Sell?

iShares TIPS Bond ETF (NYSEARCA:TIP) shares reached a new 52-week low during trading on Tuesday. The company traded as low as $103.98 and last traded at $104.09, with a volume of 1809122 shares changing hands. The stock had previously closed at $104.54.

iShares TIPS Bond ETF Stock Performance

The stock has a market cap of $14.41 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock has a 50-day moving average price of $106.56 and a 200-day moving average price of $108.84.

Hedge Funds Weigh In On iShares TIPS Bond ETF

Large investors have recently bought and sold shares of the stock. Vise Technologies Inc. lifted its holdings in shares of iShares TIPS Bond ETF by 320.3% during the 4th quarter. Vise Technologies Inc. now owns 7,699 shares of the exchange traded fund’s stock valued at $846,000 after buying an additional 5,867 shares during the period. Greenspring Advisors LLC grew its holdings in shares of iShares TIPS Bond ETF by 1,209.0% in the fourth quarter. Greenspring Advisors LLC now owns 30,709 shares of the exchange traded fund’s stock worth $3,375,000 after acquiring an additional 28,363 shares during the period. Ted Buchan & Co increased its position in iShares TIPS Bond ETF by 5.6% during the fourth quarter. Ted Buchan & Co now owns 113,197 shares of the exchange traded fund’s stock valued at $12,442,000 after acquiring an additional 6,021 shares during the last quarter. Baird Financial Group Inc. increased its position in iShares TIPS Bond ETF by 44.1% during the second quarter. Baird Financial Group Inc. now owns 95,860 shares of the exchange traded fund’s stock valued at $10,490,000 after acquiring an additional 29,323 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its position in iShares TIPS Bond ETF by 4.2% during the first quarter. Quotient Wealth Partners LLC now owns 473,810 shares of the exchange traded fund’s stock valued at $52,290,000 after acquiring an additional 19,162 shares during the last quarter. 63.62% of the stock is owned by hedge funds and other institutional investors.

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.