SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Shares Sold by Pure Financial Advisors LLC

Pure Financial Advisors LLC reduced its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 1.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,161,821 shares of the company’s stock after selling 17,324 shares during the period. SPDR Portfolio TIPS ETF accounts for about 0.7% of Pure Financial Advisors LLC’s holdings, making the stock its 28th largest holding. Pure Financial Advisors LLC’s holdings in SPDR Portfolio TIPS ETF were worth $30,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its stake in SPDR Portfolio TIPS ETF by 45.5% during the first quarter. Jacobi Capital Management LLC now owns 27,600 shares of the company’s stock worth $707,000 after buying an additional 8,637 shares during the period. Gries Financial LLC boosted its position in SPDR Portfolio TIPS ETF by 1.4% during the 2nd quarter. Gries Financial LLC now owns 118,077 shares of the company’s stock worth $3,002,000 after purchasing an additional 1,654 shares during the period. Advisors Asset Management Inc. increased its holdings in SPDR Portfolio TIPS ETF by 8.6% in the 1st quarter. Advisors Asset Management Inc. now owns 14,367 shares of the company’s stock valued at $368,000 after purchasing an additional 1,140 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in SPDR Portfolio TIPS ETF in the first quarter valued at about $205,000. Finally, CWM LLC raised its position in SPDR Portfolio TIPS ETF by 40.8% in the second quarter. CWM LLC now owns 70,981 shares of the company’s stock valued at $1,804,000 after purchasing an additional 20,585 shares during the period.

SPDR Portfolio TIPS ETF Stock Down 0.5 %

Shares of NYSEARCA SPIP opened at $25.62 on Friday. SPDR Portfolio TIPS ETF has a 1-year low of $24.70 and a 1-year high of $26.43. The business has a 50-day moving average of $26.05 and a 200-day moving average of $25.66.

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.