Truist Financial Corp Sells 21,813 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Truist Financial Corp trimmed its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 12.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 157,176 shares of the company’s stock after selling 21,813 shares during the quarter. Truist Financial Corp’s holdings in SPDR Portfolio TIPS ETF were worth $4,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in SPDR Portfolio TIPS ETF by 47.6% during the 4th quarter. Cerity Partners LLC now owns 1,106,507 shares of the company’s stock worth $28,293,000 after acquiring an additional 356,862 shares during the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in SPDR Portfolio TIPS ETF by 7.0% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 522,255 shares of the company’s stock worth $12,973,000 after buying an additional 34,328 shares in the last quarter. Charles Schwab Investment Management Inc. bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter valued at $11,574,000. TIAA Trust National Association acquired a new stake in shares of SPDR Portfolio TIPS ETF in the 3rd quarter valued at $8,348,000. Finally, Rinkey Investments raised its position in shares of SPDR Portfolio TIPS ETF by 11.8% during the third quarter. Rinkey Investments now owns 325,611 shares of the company’s stock worth $8,088,000 after acquiring an additional 34,313 shares during the last quarter.

SPDR Portfolio TIPS ETF Trading Up 0.1 %

Shares of SPIP stock opened at $25.23 on Tuesday. SPDR Portfolio TIPS ETF has a 12 month low of $24.33 and a 12 month high of $26.41. The stock has a 50-day moving average price of $25.41 and a 200 day moving average price of $25.36.

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.