55,609 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Bought by Merriman Wealth Management LLC

Merriman Wealth Management LLC acquired a new position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 55,609 shares of the exchange traded fund’s stock, valued at approximately $5,938,000.

Several other hedge funds also recently bought and sold shares of TIP. YHB Investment Advisors Inc. purchased a new position in iShares TIPS Bond ETF during the first quarter worth $30,000. Private Ocean LLC increased its position in iShares TIPS Bond ETF by 66.7% during the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 116 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in iShares TIPS Bond ETF during the first quarter worth $36,000. Gradient Investments LLC increased its position in iShares TIPS Bond ETF by 352.7% during the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock worth $36,000 after buying an additional 261 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in iShares TIPS Bond ETF during the second quarter worth $40,000.

iShares TIPS Bond ETF Stock Performance

iShares TIPS Bond ETF stock opened at $110.55 on Friday. The stock has a fifty day moving average of $108.77 and a two-hundred day moving average of $107.31. The company has a market capitalization of $19.18 billion, a price-to-earnings ratio of 11.86 and a beta of 0.09. iShares TIPS Bond ETF has a fifty-two week low of $101.74 and a fifty-two week high of $111.06.

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).