The Manufacturers Life Insurance Company Takes $2.21 Million Position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP)

The Manufacturers Life Insurance Company purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 22,000 shares of the company’s stock, valued at approximately $2,213,000.

A number of other large investors also recently added to or reduced their stakes in STIP. Transce3nd LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF during the fourth quarter worth $25,000. Knuff & Co LLC purchased a new stake in iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at about $26,000. Pflug Koory LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 534.7% during the 4th quarter. Pflug Koory LLC now owns 476 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 4th quarter valued at about $52,000. Finally, Headlands Technologies LLC purchased a new position in iShares 0-5 Year TIPS Bond ETF in the 4th quarter worth approximately $62,000.

iShares 0-5 Year TIPS Bond ETF Stock Performance

Shares of iShares 0-5 Year TIPS Bond ETF stock opened at $102.67 on Friday. iShares 0-5 Year TIPS Bond ETF has a 1-year low of $98.84 and a 1-year high of $103.61. The stock’s 50 day simple moving average is $102.78 and its 200-day simple moving average is $101.67.

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.