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

Meridian Management Co. cut its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 36.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,732 shares of the exchange traded fund’s stock after selling 52,915 shares during the quarter. iShares TIPS Bond ETF makes up approximately 2.5% of Meridian Management Co.’s portfolio, making the stock its 11th biggest position. Meridian Management Co. owned 0.07% of iShares TIPS Bond ETF worth $10,013,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. TD Capital Management LLC acquired a new stake in shares of iShares TIPS Bond ETF in the fourth quarter valued at about $25,000. Woodside Wealth Management LLC lifted its stake in shares of iShares TIPS Bond ETF by 167.8% in the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 151 shares during the period. Evolution Wealth Management Inc. bought a new stake in iShares TIPS Bond ETF in the fourth quarter valued at approximately $26,000. Laurel Wealth Advisors LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $28,000. Finally, Holos Integrated Wealth LLC acquired a new stake in iShares TIPS Bond ETF during the 4th quarter valued at approximately $29,000. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $108.01 on Wednesday. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 52-week low of $107.82 and a 52-week high of $112.26. The firm has a 50 day moving average price of $109.71 and a two-hundred day moving average price of $110.40.

iShares TIPS Bond ETF 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.