Merit Financial Group LLC Buys 3,183 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Merit Financial Group LLC grew its stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 167.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,084 shares of the exchange traded fund’s stock after buying an additional 3,183 shares during the period. Merit Financial Group LLC’s holdings in iShares TIPS Bond ETF were worth $542,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its holdings in iShares TIPS Bond ETF by 106.7% during the third quarter. FMR LLC now owns 6,990,445 shares of the exchange traded fund’s stock valued at $772,234,000 after purchasing an additional 3,608,542 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares TIPS Bond ETF by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after purchasing an additional 51,713 shares in the last quarter. Sumitomo Life Insurance Co. bought a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter valued at $102,200,000. Cetera Investment Advisers lifted its stake in shares of iShares TIPS Bond ETF by 5.0% during the 2nd quarter. Cetera Investment Advisers now owns 443,962 shares of the exchange traded fund’s stock valued at $47,406,000 after buying an additional 21,268 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in iShares TIPS Bond ETF by 10,652.4% in the 3rd quarter. International Assets Investment Management LLC now owns 402,031 shares of the exchange traded fund’s stock worth $44,412,000 after buying an additional 398,292 shares during the period.

iShares TIPS Bond ETF Stock Up 0.1 %

NYSEARCA:TIP opened at $107.24 on Friday. The business’s 50-day simple moving average is $107.38 and its two-hundred day simple moving average is $108.31. iShares TIPS Bond ETF has a 52 week low of $104.67 and a 52 week high of $111.06. The stock has a market cap of $18.61 billion, a PE ratio of 11.86 and a beta of 0.09.

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).