Phillips Financial Management LLC Cuts Stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Phillips Financial Management LLC lessened its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 23.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 120,422 shares of the company’s stock after selling 36,657 shares during the quarter. Phillips Financial Management LLC’s holdings in SPDR Portfolio TIPS ETF were worth $3,165,000 as of its most recent filing with the Securities & Exchange Commission.

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

SPDR Portfolio TIPS ETF Trading Up 0.0 %

Shares of SPIP stock opened at $25.54 on Monday. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.87 and a fifty-two week high of $26.43. The stock has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $25.70.

SPDR Portfolio TIPS ETF Company 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.