Optimum Investment Advisors Sells 391 Shares of iShares TIPS Bond ETF (NYSEARCA:TIP)

Optimum Investment Advisors cut its stake in iShares TIPS Bond ETF (NYSEARCA:TIP) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,113 shares of the exchange traded fund’s stock after selling 391 shares during the quarter. Optimum Investment Advisors’ holdings in iShares TIPS Bond ETF were worth $225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in iShares TIPS Bond ETF in the fourth quarter worth about $26,000. Mainstream Capital Management LLC purchased a new position in shares of iShares TIPS Bond ETF during the 4th quarter worth approximately $30,000. Kestra Investment Management LLC bought a new position in shares of iShares TIPS Bond ETF in the 4th quarter worth approximately $45,000. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares TIPS Bond ETF in the 4th quarter valued at approximately $47,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of iShares TIPS Bond ETF by 26.0% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 484 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 100 shares in the last quarter.

iShares TIPS Bond ETF Trading Down 0.1 %

TIP opened at $110.10 on Friday. The company has a market cap of $14.34 billion, a price-to-earnings ratio of 12.32 and a beta of 0.28. The stock has a fifty day simple moving average of $108.66 and a two-hundred day simple moving average of $108.56. iShares TIPS Bond ETF has a 12-month low of $104.67 and a 12-month 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).