Pure Financial Advisors LLC Reduces Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Pure Financial Advisors LLC trimmed its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 3.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 1,101,027 shares of the company’s stock after selling 43,956 shares during the period. Pure Financial Advisors LLC’s holdings in SPDR Portfolio TIPS ETF were worth $29,045,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Cetera Investment Advisers grew its position in shares of SPDR Portfolio TIPS ETF by 0.6% in the 4th quarter. Cetera Investment Advisers now owns 77,644 shares of the company’s stock valued at $1,965,000 after buying an additional 498 shares during the last quarter. Keybank National Association OH grew its position in SPDR Portfolio TIPS ETF by 5.7% during the 4th quarter. Keybank National Association OH now owns 10,023 shares of the company’s stock worth $254,000 after purchasing an additional 540 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of SPDR Portfolio TIPS ETF by 5.6% in the fourth quarter. Stifel Financial Corp now owns 11,363 shares of the company’s stock valued at $288,000 after acquiring an additional 601 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of SPDR Portfolio TIPS ETF by 11.2% in the fourth quarter. Jones Financial Companies Lllp now owns 6,090 shares of the company’s stock valued at $154,000 after acquiring an additional 612 shares in the last quarter. Finally, Wealth Advisory Solutions LLC boosted its holdings in shares of SPDR Portfolio TIPS ETF by 1.9% in the fourth quarter. Wealth Advisory Solutions LLC now owns 40,475 shares of the company’s stock valued at $1,024,000 after acquiring an additional 766 shares in the last quarter.

SPDR Portfolio TIPS ETF Stock Up 0.1%

Shares of NYSEARCA:SPIP opened at $25.96 on Thursday. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.18 and a fifty-two week high of $26.47. The firm’s 50-day simple moving average is $25.81 and its 200-day simple moving average is $25.77.

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.