KWB Wealth Sells 7,074 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

KWB Wealth lessened its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 27.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 18,357 shares of the company’s stock after selling 7,074 shares during the period. KWB Wealth’s holdings in SPDR Portfolio TIPS ETF were worth $482,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Prosperity Planning Inc. bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $206,000. Charles Schwab Trust Co bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $218,000. Kwmg LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 4th quarter valued at $223,000. Nwam LLC acquired a new position in shares of SPDR Portfolio TIPS ETF in the 3rd quarter valued at $227,000. Finally, Larson Financial Group LLC grew its holdings in shares of SPDR Portfolio TIPS ETF by 3.9% in the 3rd quarter. Larson Financial Group LLC now owns 21,138 shares of the company’s stock valued at $556,000 after buying an additional 798 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

Shares of SPIP stock opened at $25.24 on Wednesday. SPDR Portfolio TIPS ETF has a 12-month low of $24.94 and a 12-month high of $26.43. The firm has a fifty day moving average of $25.54 and a 200-day moving average of $25.75.

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.