iShares TIPS Bond ETF $TIP is Meridian Management Co.’s 7th Largest Position

Meridian Management Co. lifted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 116,280 shares of the exchange traded fund’s stock after purchasing an additional 15,580 shares during the quarter. iShares TIPS Bond ETF comprises approximately 3.5% of Meridian Management Co.’s holdings, making the stock its 7th largest holding. Meridian Management Co. owned approximately 0.09% of iShares TIPS Bond ETF worth $12,752,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gladwyn Financial Advisors Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth about $26,000. Golden State Wealth Management LLC grew its holdings in shares of iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 177 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of iShares TIPS Bond ETF during the 2nd quarter worth about $28,000. Finally, Avalon Trust Co purchased a new stake in shares of iShares TIPS Bond ETF during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $111.38 on Friday. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26. The stock has a market capitalization of $14.08 billion, a P/E ratio of 12.40 and a beta of 0.26. The stock has a 50-day simple moving average of $111.43 and a 200-day simple moving average of $110.09.

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).