The Manufacturers Life Insurance Company Sells 21,158 Shares of iShares TIPS Bond ETF $TIP

The Manufacturers Life Insurance Company decreased its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 388,070 shares of the exchange traded fund’s stock after selling 21,158 shares during the period. The Manufacturers Life Insurance Company owned about 0.29% of iShares TIPS Bond ETF worth $42,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in iShares TIPS Bond ETF by 8.0% in the fourth quarter. Brighton Jones LLC now owns 14,855 shares of the exchange traded fund’s stock worth $1,583,000 after purchasing an additional 1,102 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of iShares TIPS Bond ETF during the first quarter worth $432,000. Goldman Sachs Group Inc. increased its stake in shares of iShares TIPS Bond ETF by 82.1% in the first quarter. Goldman Sachs Group Inc. now owns 486,984 shares of the exchange traded fund’s stock valued at $54,099,000 after buying an additional 219,598 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of iShares TIPS Bond ETF by 5.1% in the second quarter. Brown Advisory Inc. now owns 2,755 shares of the exchange traded fund’s stock valued at $303,000 after buying an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of iShares TIPS Bond ETF by 5.3% in the second quarter. NewEdge Advisors LLC now owns 33,907 shares of the exchange traded fund’s stock valued at $3,731,000 after buying an additional 1,717 shares during the last quarter. Institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Down 0.0%

Shares of NYSEARCA TIP opened at $107.74 on Friday. The firm’s 50-day simple moving average is $108.98 and its 200 day simple moving average is $110.21. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 12.40 and a beta of 0.26. iShares TIPS Bond ETF has a 12-month low of $107.39 and a 12-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.