MML Investors Services LLC Sells 4,974 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

MML Investors Services LLC lessened its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 7.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 62,121 shares of the company’s stock after selling 4,974 shares during the period. MML Investors Services LLC’s holdings in SPDR Portfolio TIPS ETF were worth $1,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of SPIP. 1620 Investment Advisors Inc. bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth $26,000. Farmers & Merchants Investments Inc. bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth $31,000. Prosperity Planning Inc. bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth $206,000. Charles Schwab Trust Co bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth $218,000. Finally, Nwam LLC bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth $227,000.

SPDR Portfolio TIPS ETF Trading Down 0.0 %

Shares of SPIP opened at $25.58 on Wednesday. The company’s fifty day moving average price is $25.76 and its 200 day moving average price is $25.77. SPDR Portfolio TIPS ETF has a one year low of $24.94 and a one year 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.