MGO Private Wealth LLC Trims Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

MGO Private Wealth LLC lowered its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 32.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,250 shares of the exchange traded fund’s stock after selling 1,527 shares during the period. MGO Private Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Fortis Group Advisors LLC purchased a new stake in iShares TIPS Bond ETF in the third quarter valued at $27,000. Trifecta Capital Advisors LLC acquired a new position in iShares TIPS Bond ETF in the fourth quarter valued at approximately $27,000. Life Planning Partners Inc purchased a new stake in iShares TIPS Bond ETF in the 4th quarter worth approximately $30,000. Covestor Ltd acquired a new stake in shares of iShares TIPS Bond ETF during the 3rd quarter worth approximately $33,000. Finally, Sound Income Strategies LLC increased its holdings in shares of iShares TIPS Bond ETF by 108.7% during the 4th quarter. Sound Income Strategies LLC now owns 361 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

NYSEARCA TIP traded up $0.27 during mid-day trading on Friday, reaching $105.78. 1,382,555 shares of the stock were exchanged, compared to its average volume of 2,184,771. The company has a market capitalization of $18.57 billion, a P/E ratio of 11.92 and a beta of 0.09. The business’s 50 day moving average is $106.53 and its 200-day moving average is $105.94. iShares TIPS Bond ETF has a 1 year low of $101.74 and a 1 year high of $110.47.

iShares TIPS Bond ETF Company 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).