The Manufacturers Life Insurance Company purchased a new position in iShares 0-5 Year TIPS Bond ETF (NYSEARCA:STIP – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 98,000 shares of the company’s stock, valued at approximately $10,012,000. The Manufacturers Life Insurance Company owned 0.06% of iShares 0-5 Year TIPS Bond ETF at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new stake in shares of iShares 0-5 Year TIPS Bond ETF in the second quarter valued at approximately $26,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $27,000. Kingdom Financial Group LLC. purchased a new position in shares of iShares 0-5 Year TIPS Bond ETF during the 4th quarter valued at approximately $29,000. Beacon Financial Strategies CORP acquired a new stake in iShares 0-5 Year TIPS Bond ETF in the 2nd quarter valued at $38,000. Finally, Retirement Wealth Solutions LLC grew its stake in iShares 0-5 Year TIPS Bond ETF by 197.6% in the 2nd quarter. Retirement Wealth Solutions LLC now owns 372 shares of the company’s stock valued at $38,000 after acquiring an additional 247 shares during the period.
iShares 0-5 Year TIPS Bond ETF Price Performance
Shares of NYSEARCA STIP opened at $100.30 on Friday. The firm has a fifty day moving average of $100.98 and a 200 day moving average of $102.36. iShares 0-5 Year TIPS Bond ETF has a one year low of $100.28 and a one year high of $104.16.
About iShares 0-5 Year TIPS Bond ETF
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.
Recommended Stories
- Five stocks we like better than iShares 0-5 Year TIPS Bond ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for iShares 0-5 Year TIPS Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 0-5 Year TIPS Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
