Princeton Global Asset Management LLC reduced its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) by 14.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,957 shares of the company’s stock after selling 498 shares during the period. Princeton Global Asset Management LLC’s holdings in SPDR Portfolio TIPS ETF were worth $78,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of SPIP. 3EDGE Asset Management LP acquired a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $19,816,000. Hughes Financial Services LLC acquired a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $14,425,000. Bank of America Corp DE lifted its holdings in SPDR Portfolio TIPS ETF by 68.1% in the fourth quarter. Bank of America Corp DE now owns 1,181,354 shares of the company’s stock valued at $29,900,000 after buying an additional 478,559 shares during the period. ACT Advisors LLC. acquired a new position in SPDR Portfolio TIPS ETF in the first quarter valued at approximately $7,623,000. Finally, Raymond James Financial Inc. acquired a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $5,164,000.
SPDR Portfolio TIPS ETF Stock Performance
Shares of NYSEARCA SPIP opened at $25.61 on Friday. The company’s 50 day simple moving average is $25.84 and its 200 day simple moving average is $25.77. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.18 and a fifty-two week high of $26.47.
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.
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