Olympus Wealth Management LLC Reduces Stake in iShares TIPS Bond ETF (NYSEARCA:TIP)

Olympus Wealth Management LLC decreased its position in iShares TIPS Bond ETF (NYSEARCA:TIP) by 6.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 59,835 shares of the exchange traded fund’s stock after selling 3,841 shares during the quarter. iShares TIPS Bond ETF comprises approximately 2.3% 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 $6,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tsfg LLC boosted its holdings in iShares TIPS Bond ETF by 8.3% in the third quarter. Tsfg LLC now owns 1,212 shares of the exchange traded fund’s stock worth $134,000 after acquiring an additional 93 shares in the last quarter. KMG Fiduciary Partners LLC raised its position in shares of iShares TIPS Bond ETF by 0.6% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 16,016 shares of the exchange traded fund’s stock worth $1,769,000 after purchasing an additional 100 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in iShares TIPS Bond ETF by 2.0% in the 2nd quarter. Regal Investment Advisors LLC now owns 5,509 shares of the exchange traded fund’s stock worth $588,000 after purchasing an additional 108 shares in the last quarter. First United Bank & Trust increased its stake in iShares TIPS Bond ETF by 3.2% during the 3rd quarter. First United Bank & Trust now owns 3,458 shares of the exchange traded fund’s stock valued at $382,000 after purchasing an additional 108 shares in the last quarter. Finally, FC Advisory LLC increased its stake in iShares TIPS Bond ETF by 2.0% during the 4th quarter. FC Advisory LLC now owns 5,511 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 110 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

Shares of NYSEARCA TIP opened at $107.26 on Wednesday. The firm’s 50 day moving average price is $107.39 and its 200-day moving average price is $108.31. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.06. The company has a market cap of $18.61 billion, a PE ratio of 11.86 and a beta of 0.09.

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).