The Manufacturers Life Insurance Company Acquires 1,014,735 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

The Manufacturers Life Insurance Company raised its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 3,416.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,044,440 shares of the exchange traded fund’s stock after purchasing an additional 1,014,735 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares TIPS Bond ETF were worth $111,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC increased its stake in iShares TIPS Bond ETF by 10.6% during the 4th quarter. FMR LLC now owns 7,729,985 shares of the exchange traded fund’s stock valued at $823,630,000 after purchasing an additional 739,540 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares TIPS Bond ETF by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,880,936 shares of the exchange traded fund’s stock worth $318,257,000 after acquiring an additional 51,713 shares in the last quarter. Rock Creek Group LP grew its stake in shares of iShares TIPS Bond ETF by 0.7% in the 4th quarter. Rock Creek Group LP now owns 2,764,310 shares of the exchange traded fund’s stock worth $294,537,000 after acquiring an additional 18,908 shares in the last quarter. Sumitomo Life Insurance Co. grew its stake in shares of iShares TIPS Bond ETF by 58.0% in the 4th quarter. Sumitomo Life Insurance Co. now owns 1,461,746 shares of the exchange traded fund’s stock worth $155,749,000 after acquiring an additional 536,610 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of iShares TIPS Bond ETF by 1,852.1% in the 4th quarter. Assetmark Inc. now owns 1,452,502 shares of the exchange traded fund’s stock worth $154,764,000 after acquiring an additional 1,378,094 shares in the last quarter.

iShares TIPS Bond ETF Price Performance

NYSEARCA TIP opened at $110.20 on Tuesday. iShares TIPS Bond ETF has a 1 year low of $104.67 and a 1 year high of $111.51. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 12.22 and a beta of 0.29. The company has a fifty day moving average price of $109.58 and a 200-day moving average price of $108.44.

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).