MGO Private Wealth LLC Buys New Shares in iShares TIPS Bond ETF $TIP

MGO Private Wealth LLC bought a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 24,155 shares of the exchange traded fund’s stock, valued at approximately $2,655,000. iShares TIPS Bond ETF accounts for about 1.6% of MGO Private Wealth LLC’s holdings, making the stock its 15th largest holding.

A number of other institutional investors have also bought and sold shares of the business. Woodside Wealth Management LLC raised its holdings in iShares TIPS Bond ETF by 167.8% during the fourth quarter. Woodside Wealth Management LLC now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 151 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $28,000. Holos Integrated Wealth LLC bought a new position in shares of iShares TIPS Bond ETF in the fourth quarter worth about $29,000. Pittenger & Anderson Inc. purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $34,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 63.62% of the company’s stock.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $111.21 on Monday. The business’s 50 day moving average is $110.90 and its 200 day moving average is $110.75. iShares TIPS Bond ETF has a 12-month low of $108.07 and a 12-month high of $112.26. The company has a market capitalization of $14.71 billion, a PE ratio of 12.40 and a beta of 0.27.

iShares TIPS Bond ETF 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). 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.