Envestnet Asset Management Inc. lowered its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 365,650 shares of the company’s stock after selling 16,596 shares during the period. Envestnet Asset Management Inc. owned about 0.74% of SPDR Portfolio TIPS ETF worth $9,255,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $25,000. Realta Investment Advisors acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth $26,000. Blue Trust Inc. bought a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at $27,000. Transcendent Capital Group LLC boosted its stake in shares of SPDR Portfolio TIPS ETF by 31.2% in the 4th quarter. Transcendent Capital Group LLC now owns 3,155 shares of the company’s stock valued at $80,000 after purchasing an additional 750 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the 4th quarter worth about $146,000.
SPDR Portfolio TIPS ETF Price Performance
Shares of SPIP stock opened at $25.83 on Friday. SPDR Portfolio TIPS ETF has a 12-month low of $24.94 and a 12-month high of $26.47. The firm has a 50-day moving average price of $25.98 and a 200 day moving average price of $25.77.
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.
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