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

MGO Private Wealth LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,251 shares of the exchange traded fund’s stock after selling 132 shares during the quarter. MGO Private Wealth LLC’s holdings in iShares TIPS Bond ETF were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in iShares TIPS Bond ETF during the 4th quarter worth $26,000. Mainstream Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $30,000. Kestra Investment Management LLC purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $45,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of iShares TIPS Bond ETF by 26.0% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 100 shares during the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth about $57,000.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA:TIP opened at $109.52 on Thursday. The company’s 50-day moving average is $108.20 and its 200 day moving average is $108.52. The company has a market capitalization of $14.02 billion, a P/E ratio of 12.25 and a beta of 0.26. iShares TIPS Bond ETF has a fifty-two week low of $104.67 and a fifty-two week high of $111.06.

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).