Meridian Management Co. Raises Stock Position in iShares TIPS Bond ETF $TIP

Meridian Management Co. boosted its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,647 shares of the exchange traded fund’s stock after purchasing 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. owned approximately 0.11% of iShares TIPS Bond ETF worth $15,788,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TIP. Woodside Wealth Management LLC grew its holdings in iShares TIPS Bond ETF by 167.8% during the 4th quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 151 shares during the last quarter. Laurel Wealth Advisors LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $28,000. Holos Integrated Wealth LLC bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $29,000. Pittenger & Anderson Inc. bought a new position in iShares TIPS Bond ETF during the 4th quarter valued at about $34,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in iShares TIPS Bond ETF in the 4th quarter valued at about $36,000. 63.62% of the stock is currently owned by institutional investors.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $109.97 on Wednesday. The stock has a market cap of $14.55 billion, a price-to-earnings ratio of 12.40 and a beta of 0.27. iShares TIPS Bond ETF has a 1 year low of $108.07 and a 1 year high of $112.26. The firm has a 50-day moving average of $110.88 and a two-hundred day moving average of $110.74.

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.