McAdam LLC Lowers Stock Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

McAdam LLC cut its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 28.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,388 shares of the company’s stock after selling 5,259 shares during the quarter. McAdam LLC’s holdings in SPDR Portfolio TIPS ETF were worth $339,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Creative Planning raised its stake in SPDR Portfolio TIPS ETF by 6.1% during the second quarter. Creative Planning now owns 26,797 shares of the company’s stock valued at $681,000 after buying an additional 1,538 shares during the last quarter. Prentice Wealth Management LLC increased its holdings in shares of SPDR Portfolio TIPS ETF by 3.4% during the third quarter. Prentice Wealth Management LLC now owns 327,541 shares of the company’s stock valued at $8,608,000 after acquiring an additional 10,880 shares in the last quarter. Prosperity Planning Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the 3rd quarter worth about $206,000. Charles Schwab Trust Co bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $218,000. Finally, City State Bank grew its position in SPDR Portfolio TIPS ETF by 1.8% during the 3rd quarter. City State Bank now owns 45,551 shares of the company’s stock valued at $1,197,000 after purchasing an additional 796 shares during the last quarter.

SPDR Portfolio TIPS ETF Stock Down 0.0 %

Shares of SPDR Portfolio TIPS ETF stock opened at $25.63 on Monday. The company has a 50-day simple moving average of $25.52 and a two-hundred day simple moving average of $25.75. SPDR Portfolio TIPS ETF has a 52-week low of $24.94 and a 52-week high of $26.43.

About SPDR Portfolio TIPS ETF

The SPDR Portfolio TIPS ETF (SPIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of inflation-protected US Treasurys with a remaining maturity of at least one year. SPIP was launched on May 25, 2007 and is managed by State Street.