MGO One Seven LLC Lowers Stock Holdings in iShares TIPS Bond ETF $TIP

MGO One Seven LLC trimmed its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,499 shares of the exchange traded fund’s stock after selling 848 shares during the quarter. MGO One Seven LLC’s holdings in iShares TIPS Bond ETF were worth $2,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TIP. Golden State Wealth Management LLC boosted its holdings in iShares TIPS Bond ETF by 295.0% during the 1st quarter. Golden State Wealth Management LLC now owns 237 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 177 shares during the period. MJT & Associates Financial Advisory Group Inc. purchased a new position in iShares TIPS Bond ETF during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in iShares TIPS Bond ETF during the 2nd quarter valued at about $28,000. Rossby Financial LCC purchased a new position in iShares TIPS Bond ETF during the 1st quarter valued at about $30,000. Finally, Avalon Trust Co purchased a new position in iShares TIPS Bond ETF during the 1st quarter valued at about $31,000. 63.62% of the stock is currently owned by hedge funds and other institutional investors.

iShares TIPS Bond ETF Stock Performance

Shares of TIP opened at $111.67 on Wednesday. The stock has a 50-day simple moving average of $111.04 and a 200-day simple moving average of $109.88. The stock has a market capitalization of $14.10 billion, a PE ratio of 12.40 and a beta of 0.19. iShares TIPS Bond ETF has a 1 year low of $106.04 and a 1 year high of $112.26.

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).