98,000 Shares in iShares 0-5 Year TIPS Bond ETF $STIP Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new position in shares of iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 2nd quarter, HoldingsChannel reports. The firm acquired 98,000 shares of the company’s stock, valued at approximately $10,012,000.

A number of other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC boosted its stake in iShares 0-5 Year TIPS Bond ETF by 13.2% during the 4th quarter. Kestra Investment Management LLC now owns 206,700 shares of the company’s stock worth $21,164,000 after purchasing an additional 24,177 shares during the last quarter. Stadion Money Management LLC raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 43.8% in the fourth quarter. Stadion Money Management LLC now owns 180,229 shares of the company’s stock valued at $18,454,000 after buying an additional 54,867 shares during the last quarter. Gould Asset Management LLC CA raised its position in shares of iShares 0-5 Year TIPS Bond ETF by 35.3% in the fourth quarter. Gould Asset Management LLC CA now owns 407,264 shares of the company’s stock valued at $41,700,000 after buying an additional 106,266 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 6.8% in the first quarter. Ritholtz Wealth Management now owns 2,409,803 shares of the company’s stock worth $249,246,000 after buying an additional 153,948 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of iShares 0-5 Year TIPS Bond ETF by 1.6% in the first quarter. Cetera Investment Advisers now owns 453,628 shares of the company’s stock worth $46,919,000 after buying an additional 7,356 shares in the last quarter.

iShares 0-5 Year TIPS Bond ETF Stock Performance

STIP opened at $100.30 on Friday. iShares 0-5 Year TIPS Bond ETF has a twelve month low of $100.28 and a twelve month high of $104.16. The firm’s 50-day moving average price is $100.98 and its 200 day moving average price is $102.36.

iShares 0-5 Year TIPS Bond ETF Profile

The iShares 0-5 Year TIPS Bond ETF (STIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury Inflation-Protected Securities (TIPS) with a remaining maturity of less than 5 years. STIP was launched on Dec 1, 2010 and is managed by BlackRock.