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

iShares TIPS Bond ETF (NYSEARCA:TIP) reached a new 52-week high during trading on Monday . The company traded as high as $111.40 and last traded at $111.10, with a volume of 4147 shares trading hands. The stock had previously closed at $110.65.

iShares TIPS Bond ETF Stock Performance

The company’s fifty day moving average price is $109.13 and its two-hundred day moving average price is $108.57. The firm has a market capitalization of $14.48 billion, a PE ratio of 12.43 and a beta of 0.29.

Hedge Funds Weigh In On iShares TIPS Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. GPS Wealth Strategies Group LLC raised its position in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares during the period. FC Advisory LLC lifted its stake in shares of iShares TIPS Bond ETF by 2.0% in the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 110 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of iShares TIPS Bond ETF by 0.7% during the 4th quarter. Tidal Investments LLC now owns 17,017 shares of the exchange traded fund’s stock worth $1,813,000 after purchasing an additional 112 shares during the period. Invesco Ltd. increased its position in iShares TIPS Bond ETF by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,343 shares of the exchange traded fund’s stock worth $463,000 after purchasing an additional 116 shares in the last quarter. Finally, Baker Avenue Asset Management LP raised its holdings in iShares TIPS Bond ETF by 4.1% in the fourth quarter. Baker Avenue Asset Management LP now owns 2,961 shares of the exchange traded fund’s stock valued at $315,000 after buying an additional 116 shares during the period.

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).