Phillips Financial Management LLC Trims Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Phillips Financial Management LLC trimmed its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,422 shares of the company’s stock after selling 36,657 shares during the quarter. Phillips Financial Management LLC owned approximately 0.24% of SPDR Portfolio TIPS ETF worth $3,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPIP. 1620 Investment Advisors Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at about $26,000. Farmers & Merchants Investments Inc. bought a new stake in SPDR Portfolio TIPS ETF during the second quarter valued at approximately $31,000. B. Riley Wealth Advisors Inc. bought a new stake in SPDR Portfolio TIPS ETF during the first quarter valued at approximately $205,000. Prosperity Planning Inc. purchased a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $206,000. Finally, Charles Schwab Trust Co bought a new position in shares of SPDR Portfolio TIPS ETF in the 3rd quarter worth $218,000.

SPDR Portfolio TIPS ETF Stock Performance

SPDR Portfolio TIPS ETF stock opened at $25.54 on Monday. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.87 and a fifty-two week high of $26.43. The firm’s fifty day moving average price is $25.99 and its 200-day moving average price is $25.70.

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.