Wealth Enhancement Advisory Services LLC Reduces Holdings in SPDR Portfolio TIPS ETF $SPIP

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 32.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,309 shares of the company’s stock after selling 7,697 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SPDR Portfolio TIPS ETF were worth $422,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SPIP. Farther Finance Advisors LLC boosted its stake in shares of SPDR Portfolio TIPS ETF by 7,488.8% during the first quarter. Farther Finance Advisors LLC now owns 15,557 shares of the company’s stock valued at $407,000 after purchasing an additional 15,352 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of SPDR Portfolio TIPS ETF by 2.6% in the first quarter. Cetera Investment Advisers now owns 79,673 shares of the company’s stock worth $2,102,000 after acquiring an additional 2,029 shares during the period. Private Advisor Group LLC grew its holdings in SPDR Portfolio TIPS ETF by 6.3% during the first quarter. Private Advisor Group LLC now owns 118,479 shares of the company’s stock worth $3,125,000 after acquiring an additional 7,014 shares during the period. Montag A & Associates Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the first quarter worth $29,000. Finally, TIAA Trust National Association boosted its position in SPDR Portfolio TIPS ETF by 80.9% during the first quarter. TIAA Trust National Association now owns 277,765 shares of the company’s stock worth $7,327,000 after purchasing an additional 124,205 shares in the last quarter.

SPDR Portfolio TIPS ETF Trading Down 0.2%

Shares of NYSEARCA SPIP opened at $26.21 on Tuesday. The company’s 50-day simple moving average is $26.23 and its 200-day simple moving average is $26.00. SPDR Portfolio TIPS ETF has a 52-week low of $25.19 and a 52-week high of $26.58.

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.