McAdam LLC Sells 5,259 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

McAdam LLC lowered its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 28.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,388 shares of the company’s stock after selling 5,259 shares during the quarter. McAdam LLC’s holdings in SPDR Portfolio TIPS ETF were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Flow Traders U.S. LLC bought a new stake in SPDR Portfolio TIPS ETF during the 3rd quarter worth approximately $9,399,000. Prentice Wealth Management LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 3.4% in the third quarter. Prentice Wealth Management LLC now owns 327,541 shares of the company’s stock worth $8,608,000 after purchasing an additional 10,880 shares in the last quarter. Wooster Corthell Wealth Management Inc. raised its position in shares of SPDR Portfolio TIPS ETF by 0.5% during the 4th quarter. Wooster Corthell Wealth Management Inc. now owns 303,110 shares of the company’s stock valued at $7,672,000 after purchasing an additional 1,370 shares during the period. ERn Financial LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 5.5% during the 4th quarter. ERn Financial LLC now owns 230,742 shares of the company’s stock valued at $5,840,000 after buying an additional 11,951 shares in the last quarter. Finally, Gries Financial LLC boosted its holdings in SPDR Portfolio TIPS ETF by 3.1% in the 4th quarter. Gries Financial LLC now owns 126,128 shares of the company’s stock worth $3,192,000 after buying an additional 3,835 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP opened at $25.63 on Monday. The business’s 50-day simple moving average is $25.52 and its two-hundred day simple moving average is $25.75. SPDR Portfolio TIPS ETF has a 52 week low of $24.94 and a 52 week high of $26.43.

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.