Olympus Wealth Management LLC Sells 3,717 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Olympus Wealth Management LLC lessened its holdings in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) by 5.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,676 shares of the exchange traded fund’s stock after selling 3,717 shares during the period. iShares TIPS Bond ETF accounts for about 2.4% of Olympus Wealth Management LLC’s portfolio, making the stock its 10th largest position. Olympus Wealth Management LLC’s holdings in iShares TIPS Bond ETF were worth $7,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TIP. William B. Walkup & Associates Inc. acquired a new position in iShares TIPS Bond ETF during the 2nd quarter worth $26,000. Private Ocean LLC raised its position in shares of iShares TIPS Bond ETF by 66.7% during the second quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 116 shares during the last quarter. Eastern Bank acquired a new position in shares of iShares TIPS Bond ETF during the third quarter valued at $37,000. Gradient Investments LLC boosted its holdings in iShares TIPS Bond ETF by 352.7% in the second quarter. Gradient Investments LLC now owns 335 shares of the exchange traded fund’s stock valued at $36,000 after acquiring an additional 261 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in iShares TIPS Bond ETF in the second quarter valued at about $40,000.

iShares TIPS Bond ETF Trading Down 0.4 %

Shares of NYSEARCA:TIP opened at $107.76 on Friday. iShares TIPS Bond ETF has a 1-year low of $103.19 and a 1-year high of $111.06. The stock has a market capitalization of $18.70 billion, a P/E ratio of 11.86 and a beta of 0.09. The business has a 50-day moving average price of $109.54 and a two-hundred day moving average price of $107.86.

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).