Meridian Management Co. Sells 52,915 Shares of iShares TIPS Bond ETF $TIP

Meridian Management Co. reduced its holdings in iShares TIPS Bond ETF (NYSEARCA:TIP) by 36.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,732 shares of the exchange traded fund’s stock after selling 52,915 shares during the quarter. iShares TIPS Bond ETF comprises 2.5% of Meridian Management Co.’s holdings, making the stock its 11th largest holding. Meridian Management Co.’s holdings in iShares TIPS Bond ETF were worth $10,013,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its stake in shares of iShares TIPS Bond ETF by 10.8% in the 1st quarter. Sanctuary Advisors LLC now owns 91,365 shares of the exchange traded fund’s stock valued at $10,083,000 after acquiring an additional 8,941 shares in the last quarter. Sigma Planning Corp boosted its stake in iShares TIPS Bond ETF by 5.5% during the first quarter. Sigma Planning Corp now owns 32,868 shares of the exchange traded fund’s stock worth $3,627,000 after acquiring an additional 1,716 shares in the last quarter. Camden National Bank grew its holdings in iShares TIPS Bond ETF by 5.8% in the first quarter. Camden National Bank now owns 80,127 shares of the exchange traded fund’s stock worth $8,843,000 after purchasing an additional 4,393 shares during the period. Nwam LLC grew its holdings in iShares TIPS Bond ETF by 1.2% in the first quarter. Nwam LLC now owns 30,335 shares of the exchange traded fund’s stock worth $3,348,000 after purchasing an additional 358 shares during the period. Finally, Fell Capital Management ADV increased its stake in iShares TIPS Bond ETF by 4.7% in the first quarter. Fell Capital Management ADV now owns 8,920 shares of the exchange traded fund’s stock valued at $984,000 after purchasing an additional 400 shares in the last quarter. 63.62% of the stock is owned by institutional investors and hedge funds.

iShares TIPS Bond ETF Trading Up 0.1%

Shares of NYSEARCA TIP opened at $108.01 on Wednesday. The firm’s 50-day moving average price is $109.71 and its 200-day moving average price is $110.40. iShares TIPS Bond ETF has a 1-year low of $107.82 and a 1-year high of $112.26. The firm has a market capitalization of $14.47 billion, a P/E ratio of 12.40 and a beta of 0.26.

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). 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.