Charles Schwab Investment Management Inc. Decreases Stock Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Charles Schwab Investment Management Inc. decreased its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 4.4% during the third quarter, Holdings Channel reports. The firm owned 3,604,618 shares of the company’s stock after selling 164,340 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.07% of SPDR Portfolio TIPS ETF worth $94,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake in shares of SPDR Portfolio TIPS ETF by 38.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 23,084 shares of the company’s stock valued at $607,000 after purchasing an additional 6,376 shares during the period. Auour Investments LLC grew its position in SPDR Portfolio TIPS ETF by 2.5% during the third quarter. Auour Investments LLC now owns 24,171 shares of the company’s stock valued at $622,000 after buying an additional 594 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,836 shares of the company’s stock worth $653,000 after purchasing an additional 2,004 shares in the last quarter. Leading Edge Financial Planning LLC raised its holdings in SPDR Portfolio TIPS ETF by 4.7% in the 3rd quarter. Leading Edge Financial Planning LLC now owns 28,941 shares of the company’s stock worth $761,000 after purchasing an additional 1,293 shares during the period. Finally, Wooster Corthell Wealth Management Inc. lifted its position in SPDR Portfolio TIPS ETF by 2.7% during the third quarter. Wooster Corthell Wealth Management Inc. now owns 301,740 shares of the company’s stock valued at $7,930,000 after purchasing an additional 8,043 shares in the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

Shares of SPIP opened at $25.71 on Wednesday. The business has a 50-day simple moving average of $25.90 and a two-hundred day simple moving average of $25.72. SPDR Portfolio TIPS ETF has a 52 week low of $24.94 and a 52 week high of $26.43.

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.