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

Phillips Financial Management LLC lowered its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 18.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 97,736 shares of the company’s stock after selling 22,686 shares during the period. Phillips Financial Management LLC’s holdings in SPDR Portfolio TIPS ETF were worth $2,474,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Morgan Dempsey Capital Management LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $25,000. Realta Investment Advisors acquired a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $26,000. Blue Trust Inc. acquired a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $27,000. Transcendent Capital Group LLC lifted its holdings in SPDR Portfolio TIPS ETF by 31.2% during the 4th quarter. Transcendent Capital Group LLC now owns 3,155 shares of the company’s stock worth $80,000 after buying an additional 750 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $146,000.

SPDR Portfolio TIPS ETF Trading Down 0.2 %

SPDR Portfolio TIPS ETF stock opened at $25.99 on Thursday. SPDR Portfolio TIPS ETF has a 52-week low of $24.94 and a 52-week high of $26.43. The company’s 50 day moving average is $25.70 and its two-hundred day moving average is $25.80.

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.