KWB Wealth Cuts Stock Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

KWB Wealth reduced its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 46.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,680 shares of the company’s stock after selling 21,942 shares during the period. KWB Wealth’s holdings in SPDR Portfolio TIPS ETF were worth $658,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Vima LLC acquired a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $39,000. ORG Partners LLC increased its holdings in SPDR Portfolio TIPS ETF by 117.5% in the fourth quarter. ORG Partners LLC now owns 1,718 shares of the company’s stock valued at $44,000 after buying an additional 928 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at $61,000. Principal Securities Inc. purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at $73,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in SPDR Portfolio TIPS ETF by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 4,275 shares of the company’s stock valued at $106,000 after acquiring an additional 4,050 shares in the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

NYSEARCA SPIP traded up $0.11 during trading hours on Thursday, hitting $25.36. The company had a trading volume of 85,475 shares, compared to its average volume of 316,412. SPDR Portfolio TIPS ETF has a 1-year low of $24.33 and a 1-year high of $26.01. The business has a 50 day moving average of $25.34 and a 200-day moving average of $25.47.

About SPDR Portfolio TIPS ETF

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.