iShares TIPS Bond ETF (NYSEARCA:TIP) Sets New 52-Week High at $127.39

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iShares TIPS Bond ETF (NYSEARCA:TIP) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $127.39 and last traded at $127.38, with a volume of 2329391 shares. The stock had previously closed at $127.28.

The company’s 50-day moving average is $126.29 and its 200-day moving average is $125.51.

Several institutional investors and hedge funds have recently made changes to their positions in TIP. Jane Street Group LLC lifted its stake in shares of iShares TIPS Bond ETF by 196.7% in the 3rd quarter. Jane Street Group LLC now owns 1,935,587 shares of the exchange traded fund’s stock valued at $244,852,000 after purchasing an additional 1,283,225 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares TIPS Bond ETF by 161.7% during the third quarter. JPMorgan Chase & Co. now owns 2,070,529 shares of the exchange traded fund’s stock valued at $262,710,000 after buying an additional 1,279,420 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in iShares TIPS Bond ETF by 47.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,642,187 shares of the exchange traded fund’s stock valued at $447,989,000 after buying an additional 1,174,658 shares in the last quarter. Morgan Stanley grew its stake in iShares TIPS Bond ETF by 14.4% during the third quarter. Morgan Stanley now owns 9,043,345 shares of the exchange traded fund’s stock worth $1,143,983,000 after buying an additional 1,136,054 shares during the period. Finally, BlackRock Inc. increased its position in shares of iShares TIPS Bond ETF by 4.9% in the third quarter. BlackRock Inc. now owns 18,520,895 shares of the exchange traded fund’s stock worth $2,342,893,000 after acquiring an additional 869,954 shares in the last quarter.

iShares TIPS Bond ETF Company Profile (NYSEARCA:TIP)

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).

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