MGO Private Wealth LLC purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 24,155 shares of the exchange traded fund’s stock, valued at approximately $2,655,000. iShares TIPS Bond ETF accounts for approximately 1.6% of MGO Private Wealth LLC’s holdings, making the stock its 15th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in TIP. Park Avenue Securities LLC boosted its position in shares of iShares TIPS Bond ETF by 339.0% during the 4th quarter. Park Avenue Securities LLC now owns 27,677 shares of the exchange traded fund’s stock valued at $3,042,000 after acquiring an additional 21,372 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in iShares TIPS Bond ETF in the third quarter worth $834,000. Bank of America Corp DE increased its position in iShares TIPS Bond ETF by 32.3% in the third quarter. Bank of America Corp DE now owns 17,155,565 shares of the exchange traded fund’s stock worth $1,908,042,000 after purchasing an additional 4,189,926 shares during the last quarter. Keybank National Association OH raised its stake in iShares TIPS Bond ETF by 3.0% during the fourth quarter. Keybank National Association OH now owns 635,191 shares of the exchange traded fund’s stock valued at $69,814,000 after purchasing an additional 18,437 shares in the last quarter. Finally, Envision Financial LLC raised its stake in iShares TIPS Bond ETF by 200.0% during the fourth quarter. Envision Financial LLC now owns 9,000 shares of the exchange traded fund’s stock valued at $989,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 63.62% of the company’s stock.
iShares TIPS Bond ETF Price Performance
TIP stock opened at $111.21 on Monday. iShares TIPS Bond ETF has a 52 week low of $108.07 and a 52 week high of $112.26. The firm has a market capitalization of $14.71 billion, a P/E ratio of 12.40 and a beta of 0.27. The company has a fifty day simple moving average of $110.90 and a two-hundred day simple moving average of $110.75.
About iShares TIPS Bond ETF
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.
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