SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Shares Sold by BIP Wealth LLC

BIP Wealth LLC cut its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 1.3% in the third quarter, Holdings Channel.com reports. The firm owned 36,146 shares of the company’s stock after selling 479 shares during the quarter. BIP Wealth LLC’s holdings in SPDR Portfolio TIPS ETF were worth $950,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPIP. 1620 Investment Advisors Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at about $26,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of SPDR Portfolio TIPS ETF in the second quarter valued at about $31,000. Prosperity Planning Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $206,000. B. Riley Wealth Advisors Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the 1st quarter worth $205,000. Finally, Charles Schwab Trust Co purchased a new position in SPDR Portfolio TIPS ETF in the third quarter valued at about $218,000.

SPDR Portfolio TIPS ETF Stock Performance

NYSEARCA SPIP opened at $25.60 on Tuesday. The business has a 50 day moving average price of $25.98 and a two-hundred day moving average price of $25.70. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.94 and a fifty-two week high of $26.43.

SPDR Portfolio TIPS ETF Profile

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.