Collaborative Wealth Managment Inc. Sells 3,751 Shares of SPDR Portfolio TIPS ETF $SPIP

Collaborative Wealth Managment Inc. decreased its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 20.4% during the second quarter, Holdings Channel.com reports. The fund owned 14,663 shares of the company’s stock after selling 3,751 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in SPDR Portfolio TIPS ETF were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in SPIP. Cetera Investment Advisers increased its stake in shares of SPDR Portfolio TIPS ETF by 109.5% in the second quarter. Cetera Investment Advisers now owns 166,920 shares of the company’s stock worth $4,350,000 after purchasing an additional 87,247 shares in the last quarter. Creative Planning boosted its holdings in SPDR Portfolio TIPS ETF by 3.7% in the 2nd quarter. Creative Planning now owns 22,122 shares of the company’s stock worth $577,000 after buying an additional 793 shares during the period. Foundations Investment Advisors LLC increased its stake in SPDR Portfolio TIPS ETF by 69.2% in the 2nd quarter. Foundations Investment Advisors LLC now owns 40,304 shares of the company’s stock worth $1,050,000 after buying an additional 16,478 shares in the last quarter. Good Life Advisors LLC increased its stake in SPDR Portfolio TIPS ETF by 9.2% in the 2nd quarter. Good Life Advisors LLC now owns 14,869 shares of the company’s stock worth $387,000 after buying an additional 1,255 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in SPDR Portfolio TIPS ETF by 11.2% during the second quarter. PNC Financial Services Group Inc. now owns 4,671 shares of the company’s stock valued at $122,000 after acquiring an additional 471 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP opened at $26.18 on Friday. SPDR Portfolio TIPS ETF has a 12 month low of $25.19 and a 12 month high of $26.58. The stock’s 50 day moving average is $26.35 and its 200 day moving average is $26.08.

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.