iShares TIPS Bond ETF $TIP is Meridian Management Co.’s 6th Largest Position

Meridian Management Co. raised its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 143,647 shares of the exchange traded fund’s stock after buying an additional 19,457 shares during the period. iShares TIPS Bond ETF comprises 3.9% of Meridian Management Co.’s holdings, making the stock its 6th biggest holding. Meridian Management Co.’s holdings in iShares TIPS Bond ETF were worth $15,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Rock Point Advisors LLC boosted its position in iShares TIPS Bond ETF by 4.6% in the 4th quarter. Rock Point Advisors LLC now owns 2,095 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 93 shares during the period. Aspiriant LLC lifted its position in shares of iShares TIPS Bond ETF by 2.2% in the 4th quarter. Aspiriant LLC now owns 4,373 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 95 shares during the period. Apollon Wealth Management LLC lifted its position in shares of iShares TIPS Bond ETF by 2.3% in the 4th quarter. Apollon Wealth Management LLC now owns 4,255 shares of the exchange traded fund’s stock worth $468,000 after purchasing an additional 96 shares during the period. Farrell Financial LLC lifted its position in shares of iShares TIPS Bond ETF by 1.4% in the 4th quarter. Farrell Financial LLC now owns 7,119 shares of the exchange traded fund’s stock worth $782,000 after purchasing an additional 98 shares during the period. Finally, LexAurum Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 5.1% in the 3rd quarter. LexAurum Advisors LLC now owns 2,414 shares of the exchange traded fund’s stock worth $268,000 after purchasing an additional 117 shares during the period. 63.62% of the stock is owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $109.97 on Wednesday. The company has a 50 day moving average price of $110.88 and a 200-day moving average price of $110.74. iShares TIPS Bond ETF has a fifty-two week low of $108.07 and a fifty-two week high of $112.26. The stock has a market capitalization of $14.55 billion, a PE ratio of 12.40 and a beta of 0.27.

iShares TIPS Bond ETF 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). The Index measures the performance of the inflation-protected public obligations of the United States Treasury, commonly known as TIPS. The Underlying Index includes all publicly-issued the United States Treasury inflation-protected securities that have at least one year remaining to maturity, are rated investment-grade and have $250 million or more of face value.