Resonant Capital Advisors LLC Sells 20,307 Shares of SPDR Portfolio TIPS ETF $SPIP

Resonant Capital Advisors LLC lowered its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 62.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,164 shares of the company’s stock after selling 20,307 shares during the period. Resonant Capital Advisors LLC’s holdings in SPDR Portfolio TIPS ETF were worth $320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Simplex Trading LLC bought a new position in SPDR Portfolio TIPS ETF during the 2nd quarter worth about $31,000. Atlantic Union Bankshares Corp bought a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at about $45,000. Beacon Capital Management Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter worth approximately $54,000. Morgan Dempsey Capital Management LLC lifted its position in shares of SPDR Portfolio TIPS ETF by 117.7% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 3,130 shares of the company’s stock worth $82,000 after purchasing an additional 1,692 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of SPDR Portfolio TIPS ETF by 7,236.2% during the second quarter. IFP Advisors Inc now owns 3,448 shares of the company’s stock valued at $90,000 after purchasing an additional 3,401 shares in the last quarter.

SPDR Portfolio TIPS ETF Price Performance

Shares of SPIP stock opened at $25.99 on Tuesday. SPDR Portfolio TIPS ETF has a 52-week low of $25.22 and a 52-week high of $26.58. The company’s 50 day moving average is $26.08 and its 200 day moving average is $26.17.

SPDR Portfolio TIPS ETF Company 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.