Charles Schwab Investment Management Inc. Sells 164,070 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Charles Schwab Investment Management Inc. trimmed its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 4.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,321,674 shares of the company’s stock after selling 164,070 shares during the period. Charles Schwab Investment Management Inc. owned about 0.09% of SPDR Portfolio TIPS ETF worth $87,626,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPIP. Raymond James Financial Inc. purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $5,164,000. Mariner LLC boosted its stake in SPDR Portfolio TIPS ETF by 61.4% in the fourth quarter. Mariner LLC now owns 59,651 shares of the company’s stock valued at $1,510,000 after acquiring an additional 22,688 shares during the last quarter. Stonehaven Wealth & Tax Solutions LLC purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $782,000. Stifel Financial Corp boosted its stake in SPDR Portfolio TIPS ETF by 5.6% in the fourth quarter. Stifel Financial Corp now owns 11,363 shares of the company’s stock valued at $288,000 after acquiring an additional 601 shares during the last quarter. Finally, Rinkey Investments boosted its stake in SPDR Portfolio TIPS ETF by 2.1% in the fourth quarter. Rinkey Investments now owns 88,831 shares of the company’s stock valued at $2,248,000 after acquiring an additional 1,852 shares during the last quarter.

SPDR Portfolio TIPS ETF Trading Down 0.2%

SPIP opened at $26.06 on Wednesday. The company’s 50-day moving average price is $25.92 and its two-hundred day moving average price is $25.91. SPDR Portfolio TIPS ETF has a twelve month low of $25.19 and a twelve month high of $26.47.

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.