The Manufacturers Life Insurance Company lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,070 shares of the exchange traded fund’s stock after selling 21,158 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in iShares TIPS Bond ETF were worth $42,827,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Keybank National Association OH increased its holdings in iShares TIPS Bond ETF by 3.0% during the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after buying an additional 18,437 shares during the period. Calder Financial LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at $1,342,000. Mezzasalma Advisors LLC raised its position in shares of iShares TIPS Bond ETF by 106.0% in the 4th quarter. Mezzasalma Advisors LLC now owns 46,410 shares of the exchange traded fund’s stock worth $5,099,000 after acquiring an additional 23,884 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of iShares TIPS Bond ETF by 141.2% in the 4th quarter. Farther Finance Advisors LLC now owns 54,136 shares of the exchange traded fund’s stock worth $5,950,000 after acquiring an additional 31,689 shares in the last quarter. Finally, Arta Finance Wealth Management LLC purchased a new stake in shares of iShares TIPS Bond ETF during the 4th quarter worth $707,000. Institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Price Performance
TIP opened at $107.74 on Friday. The firm has a market capitalization of $14.58 billion, a PE ratio of 12.40 and a beta of 0.26. The business’s 50-day moving average is $108.98 and its two-hundred day moving average is $110.21. iShares TIPS Bond ETF has a 1 year low of $107.39 and a 1 year high of $112.26.
About iShares TIPS Bond ETF
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.
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