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

Meridian Management Co. grew its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,280 shares of the exchange traded fund’s stock after buying an additional 15,580 shares during the quarter. iShares TIPS Bond ETF accounts for about 3.5% of Meridian Management Co.’s investment portfolio, making the stock its 7th largest holding. Meridian Management Co.’s holdings in iShares TIPS Bond ETF were worth $12,752,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gladwyn Financial Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at approximately $25,000. Golden State Wealth Management LLC boosted its stake 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 valued at $26,000 after buying an additional 177 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of iShares TIPS Bond ETF during the 2nd quarter valued at approximately $28,000. Finally, Rossby Financial LCC purchased a new position in shares of iShares TIPS Bond ETF during the 1st quarter valued at approximately $30,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Trading Up 0.2%

iShares TIPS Bond ETF stock opened at $111.38 on Friday. The stock has a market cap of $14.08 billion, a P/E ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52 week low of $106.04 and a 52 week high of $112.26. The stock has a 50 day moving average of $111.43 and a 200-day 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).