NewEdge Advisors LLC Reduces Stock Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

NewEdge Advisors LLC lessened its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,323 shares of the company’s stock after selling 3,575 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Portfolio TIPS ETF were worth $438,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. LPL Financial LLC increased its holdings in SPDR Portfolio TIPS ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 1,549,007 shares of the company’s stock valued at $39,205,000 after buying an additional 134,776 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of SPDR Portfolio TIPS ETF by 0.8% during the fourth quarter. Cerity Partners LLC now owns 895,945 shares of the company’s stock worth $22,676,000 after purchasing an additional 7,150 shares during the last quarter. 3EDGE Asset Management LP purchased a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter worth about $19,816,000. Cannon Financial Strategists Inc. grew its holdings in shares of SPDR Portfolio TIPS ETF by 7.6% during the fourth quarter. Cannon Financial Strategists Inc. now owns 772,291 shares of the company’s stock worth $19,547,000 after purchasing an additional 54,512 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter worth about $14,425,000.

SPDR Portfolio TIPS ETF Stock Up 0.3 %

Shares of SPIP stock opened at $26.13 on Tuesday. The stock’s 50-day moving average is $26.01 and its two-hundred day moving average is $25.76. SPDR Portfolio TIPS ETF has a 1 year low of $24.94 and a 1 year 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.