Ameriprise Financial Inc. Sells 7,891 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Ameriprise Financial Inc. decreased its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,640 shares of the company’s stock after selling 7,891 shares during the period. Ameriprise Financial Inc. owned 0.09% of SPDR Portfolio TIPS ETF worth $1,079,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Rinkey Investments raised its stake in shares of SPDR Portfolio TIPS ETF by 2.1% in the fourth quarter. Rinkey Investments now owns 88,831 shares of the company’s stock valued at $2,248,000 after buying an additional 1,852 shares during the period. Stifel Financial Corp raised its stake in SPDR Portfolio TIPS ETF by 5.6% in the 4th quarter. Stifel Financial Corp now owns 11,363 shares of the company’s stock valued at $288,000 after acquiring an additional 601 shares during the period. Stonehaven Wealth & Tax Solutions LLC bought a new stake in SPDR Portfolio TIPS ETF in the 4th quarter valued at about $782,000. Mariner LLC raised its stake in SPDR Portfolio TIPS ETF by 61.4% in the 4th quarter. Mariner LLC now owns 59,651 shares of the company’s stock valued at $1,510,000 after acquiring an additional 22,688 shares during the period. Finally, Keystone Financial Group bought a new stake in SPDR Portfolio TIPS ETF in the 4th quarter valued at about $441,000.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP opened at $25.88 on Monday. The company’s 50 day moving average is $25.89 and its 200-day moving average is $25.76. SPDR Portfolio TIPS ETF has a 12-month low of $25.18 and a 12-month 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.