The Manufacturers Life Insurance Company Lowers Position in iShares TIPS Bond ETF $TIP

The Manufacturers Life Insurance Company trimmed its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 78.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,313 shares of the exchange traded fund’s stock after selling 303,757 shares during the period. The Manufacturers Life Insurance Company’s holdings in iShares TIPS Bond ETF were worth $9,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Coastal Bridge Advisors LLC lifted its position in shares of iShares TIPS Bond ETF by 0.3% in the 4th quarter. Coastal Bridge Advisors LLC now owns 26,529 shares of the exchange traded fund’s stock worth $2,916,000 after purchasing an additional 90 shares during the period. Wernau Asset Management Inc. increased its holdings in iShares TIPS Bond ETF by 4.6% during the first quarter. Wernau Asset Management Inc. now owns 2,068 shares of the exchange traded fund’s stock valued at $228,000 after buying an additional 91 shares during the period. Foster & Motley Inc. raised its stake in iShares TIPS Bond ETF by 0.3% in the first quarter. Foster & Motley Inc. now owns 33,038 shares of the exchange traded fund’s stock worth $3,646,000 after buying an additional 92 shares in the last quarter. Auour Investments LLC raised its stake in iShares TIPS Bond ETF by 2.3% in the first quarter. Auour Investments LLC now owns 4,072 shares of the exchange traded fund’s stock worth $449,000 after buying an additional 93 shares in the last quarter. Finally, Kintra Wealth LLC lifted its holdings in iShares TIPS Bond ETF by 3.4% during the second quarter. Kintra Wealth LLC now owns 2,834 shares of the exchange traded fund’s stock worth $304,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Price Performance

iShares TIPS Bond ETF stock opened at $105.84 on Monday. The firm has a market cap of $14.32 billion, a P/E ratio of 12.40 and a beta of 0.26. The business has a fifty day moving average of $107.36 and a two-hundred day moving average of $109.43. iShares TIPS Bond ETF has a twelve month low of $105.82 and a twelve month high of $112.26.

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.