ST Germain D J Co. Inc. Reduces Stock Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

ST Germain D J Co. Inc. cut its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 31.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 173,465 shares of the company’s stock after selling 79,940 shares during the period. ST Germain D J Co. Inc.’s holdings in SPDR Portfolio TIPS ETF were worth $4,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wooster Corthell Wealth Management Inc. boosted its holdings in SPDR Portfolio TIPS ETF by 61.7% in the 4th quarter. Wooster Corthell Wealth Management Inc. now owns 264,475 shares of the company’s stock worth $6,763,000 after buying an additional 100,886 shares during the period. Navalign LLC grew its position in shares of SPDR Portfolio TIPS ETF by 359.5% in the fourth quarter. Navalign LLC now owns 104,177 shares of the company’s stock valued at $2,664,000 after purchasing an additional 81,503 shares in the last quarter. Valtinson Bruner Financial Planning LLC lifted its holdings in SPDR Portfolio TIPS ETF by 142.7% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 369,801 shares of the company’s stock worth $9,456,000 after purchasing an additional 217,445 shares in the last quarter. Lincoln National Corp lifted its holdings in shares of SPDR Portfolio TIPS ETF by 3.3% in the fourth quarter. Lincoln National Corp now owns 8,091,521 shares of the company’s stock worth $206,900,000 after buying an additional 261,118 shares in the last quarter. Finally, Security Financial Services INC. boosted its position in shares of SPDR Portfolio TIPS ETF by 1.0% in the fourth quarter. Security Financial Services INC. now owns 63,562 shares of the company’s stock valued at $1,625,000 after acquiring an additional 644 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP traded up $0.09 during mid-day trading on Tuesday, hitting $25.53. 221,353 shares of the stock traded hands, compared to its average volume of 332,609. The business’s 50-day moving average price is $25.28 and its 200 day moving average price is $25.46. SPDR Portfolio TIPS ETF has a 12-month low of $24.33 and a 12-month high of $26.01.

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.