Raymond James & Associates Sells 45,478 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Raymond James & Associates decreased its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 63.3% in the 4th quarter, Holdings Channel reports. The fund owned 26,355 shares of the company’s stock after selling 45,478 shares during the quarter. Raymond James & Associates’ holdings in SPDR Portfolio TIPS ETF were worth $674,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. raised its holdings in SPDR Portfolio TIPS ETF by 1,800.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,275 shares of the company’s stock valued at $106,000 after acquiring an additional 4,050 shares during the period. Robertson Stephens Wealth Management LLC purchased a new position in shares of SPDR Portfolio TIPS ETF in the third quarter valued at $206,000. Simplicity Solutions LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $214,000. Kestra Private Wealth Services LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 3rd quarter worth about $219,000. Finally, Sharkey Howes & Javer bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $228,000.

SPDR Portfolio TIPS ETF Stock Down 0.2 %

SPIP stock opened at $25.15 on Thursday. The stock has a 50-day simple moving average of $25.45 and a two-hundred day simple moving average of $25.33. SPDR Portfolio TIPS ETF has a twelve month low of $24.33 and a twelve month high of $26.65.

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.