SMART Wealth LLC Sells 6,820 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

SMART Wealth LLC lessened its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,840 shares of the company’s stock after selling 6,820 shares during the period. SMART Wealth LLC’s holdings in SPDR Portfolio TIPS ETF were worth $574,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPIP. Wealth Enhancement Advisory Services LLC boosted its stake in SPDR Portfolio TIPS ETF by 127.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 22,832 shares of the company’s stock valued at $580,000 after purchasing an additional 12,807 shares during the last quarter. Security Financial Services INC. boosted its position in shares of SPDR Portfolio TIPS ETF by 7.4% during the second quarter. Security Financial Services INC. now owns 77,390 shares of the company’s stock valued at $1,967,000 after buying an additional 5,365 shares during the last quarter. Horst & Graben Wealth Management LLC increased its holdings in SPDR Portfolio TIPS ETF by 6.4% in the 2nd quarter. Horst & Graben Wealth Management LLC now owns 11,943 shares of the company’s stock worth $304,000 after buying an additional 715 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth about $26,000. Finally, Wooster Corthell Wealth Management Inc. lifted its stake in SPDR Portfolio TIPS ETF by 6.5% during the 2nd quarter. Wooster Corthell Wealth Management Inc. now owns 293,697 shares of the company’s stock valued at $7,466,000 after acquiring an additional 17,841 shares during the period.

SPDR Portfolio TIPS ETF Trading Down 0.3 %

Shares of SPIP stock opened at $25.59 on Monday. The company has a 50 day moving average price of $25.78 and a 200-day moving average price of $25.76. SPDR Portfolio TIPS ETF has a 52 week low of $24.94 and a 52 week high of $26.43.

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.