iShares TIPS Bond ETF (NYSEARCA:TIP) Hits New 12-Month High – Here’s Why

iShares TIPS Bond ETF (NYSEARCA:TIP) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $111.51 and last traded at $110.27, with a volume of 4724863 shares traded. The stock had previously closed at $110.97.

iShares TIPS Bond ETF Trading Down 0.8 %

The stock’s 50 day moving average price is $109.33 and its 200 day moving average price is $108.57. The firm has a market cap of $14.38 billion, a PE ratio of 12.43 and a beta of 0.29.

Institutional Investors Weigh In On iShares TIPS Bond ETF

A number of large investors have recently modified their holdings of TIP. Insight Wealth Strategies LLC increased its position in shares of iShares TIPS Bond ETF by 17.3% during the first quarter. Insight Wealth Strategies LLC now owns 100,070 shares of the exchange traded fund’s stock worth $11,117,000 after acquiring an additional 14,787 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of iShares TIPS Bond ETF by 32.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 33,001 shares of the exchange traded fund’s stock valued at $3,666,000 after buying an additional 8,075 shares during the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth approximately $1,453,000. Copia Wealth Management bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at $26,000. Finally, American Investment Services Inc. grew its holdings in iShares TIPS Bond ETF by 2.1% during the 4th quarter. American Investment Services Inc. now owns 18,096 shares of the exchange traded fund’s stock worth $1,928,000 after acquiring an additional 370 shares in the last quarter.

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).