Meridian Management Co. Has $13.81 Million Stock Position in iShares TIPS Bond ETF $TIP

Meridian Management Co. lifted its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,190 shares of the exchange traded fund’s stock after acquiring an additional 7,910 shares during the period. iShares TIPS Bond ETF makes up approximately 3.7% of Meridian Management Co.’s holdings, making the stock its 7th biggest holding. Meridian Management Co. owned 0.10% of iShares TIPS Bond ETF worth $13,812,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TIP. Gladwyn Financial Advisors Inc. acquired a new position in shares of iShares TIPS Bond ETF in the 2nd quarter valued at $25,000. Root Financial Partners LLC bought a new position in iShares TIPS Bond ETF during the third quarter worth about $33,000. Hilltop National Bank bought a new position in iShares TIPS Bond ETF during the second quarter worth about $36,000. Abound Wealth Management acquired a new position in iShares TIPS Bond ETF in the third quarter valued at about $41,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of iShares TIPS Bond ETF in the second quarter worth about $43,000. Institutional investors and hedge funds own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.52 on Friday. iShares TIPS Bond ETF has a one year low of $106.47 and a one year high of $112.26. The firm has a market cap of $13.91 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock’s 50-day moving average is $110.33 and its 200-day moving average is $110.70.

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). 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.