Olympus Wealth Management LLC Cuts Stock Holdings in iShares TIPS Bond ETF (NYSEARCA:TIP)

Olympus Wealth Management LLC lessened its position in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.5% in the third quarter, Holdings Channel.com reports. The firm owned 63,676 shares of the exchange traded fund’s stock after selling 3,717 shares during the period. iShares TIPS Bond ETF makes up about 2.4% of Olympus Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Olympus Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $7,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of iShares TIPS Bond ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,639,084 shares of the exchange traded fund’s stock worth $388,581,000 after purchasing an additional 410,284 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in iShares TIPS Bond ETF in the 1st quarter valued at $201,931,000. Sumitomo Life Insurance Co. bought a new stake in iShares TIPS Bond ETF in the 3rd quarter valued at about $102,200,000. Marshall Wace LLP grew its position in iShares TIPS Bond ETF by 3.1% during the second quarter. Marshall Wace LLP now owns 561,570 shares of the exchange traded fund’s stock worth $59,964,000 after buying an additional 16,839 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in iShares TIPS Bond ETF by 30.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 464,032 shares of the exchange traded fund’s stock worth $49,549,000 after acquiring an additional 107,653 shares during the period.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.76 on Friday. The stock has a market capitalization of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09. The stock’s fifty day moving average is $109.54 and its 200 day moving average is $107.86. iShares TIPS Bond ETF has a 52 week low of $103.19 and a 52 week high of $111.06.

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).