iShares TIPS Bond ETF (NYSEARCA:TIP) Reaches New 1-Year High – Still a Buy?

Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) 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 changing hands. The stock had previously closed at $110.97.

iShares TIPS Bond ETF Stock Down 0.8 %

The stock has a market capitalization of $14.38 billion, a P/E ratio of 12.43 and a beta of 0.29. The company has a 50 day moving average of $109.33 and a 200-day moving average of $108.57.

Institutional Investors Weigh In On iShares TIPS Bond ETF

Institutional investors have recently modified their holdings of the business. Kohmann Bosshard Financial Services LLC acquired a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $26,000. Copia Wealth Management bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Transce3nd LLC acquired a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at approximately $29,000. Mainstream Capital Management LLC bought a new stake in iShares TIPS Bond ETF during the fourth quarter worth approximately $30,000. Finally, Biltmore Family Office LLC acquired a new stake in iShares TIPS Bond ETF in the fourth quarter worth approximately $32,000.

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).