iShares TIPS Bond ETF (NYSEARCA:TIP) Sets New 12-Month High at $109.63

Shares of iShares TIPS Bond ETF (NYSEARCA:TIP) hit a new 52-week high on Friday . The stock traded as high as $109.63 and last traded at $109.62, with a volume of 9015 shares trading hands. The stock had previously closed at $109.42.

iShares TIPS Bond ETF Stock Up 0.3 %

The firm has a market capitalization of $19.03 billion, a PE ratio of 11.86 and a beta of 0.09. The firm’s 50 day moving average price is $108.00 and its two-hundred day moving average price is $107.01.

Hedge Funds Weigh In On iShares TIPS Bond ETF

A number of hedge funds have recently bought and sold shares of TIP. Colony Family Offices LLC lifted its position in shares of iShares TIPS Bond ETF by 5.4% in the 1st quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 97 shares during the last quarter. Citizens & Northern Corp boosted its position in iShares TIPS Bond ETF by 3.0% during the 2nd quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock valued at $378,000 after purchasing an additional 102 shares during the period. Clear Investment Research LLC increased its holdings in shares of iShares TIPS Bond ETF by 2.0% in the 4th quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock worth $570,000 after acquiring an additional 103 shares during the period. TNF LLC raised its holdings in shares of iShares TIPS Bond ETF by 1.1% during the second quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock valued at $1,079,000 after buying an additional 105 shares during the last quarter. Finally, Regal Investment Advisors LLC boosted its position in shares of iShares TIPS Bond ETF by 2.0% during the second quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock worth $588,000 after buying an additional 108 shares during the period.

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).