TIAA Trust National Association Lowers Stock Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

TIAA Trust National Association lowered its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,851 shares of the company’s stock after selling 23,753 shares during the period. TIAA Trust National Association owned about 0.55% of SPDR Portfolio TIPS ETF worth $7,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vima LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $39,000. ORG Partners LLC increased its holdings in SPDR Portfolio TIPS ETF by 117.5% during the fourth quarter. ORG Partners LLC now owns 1,718 shares of the company’s stock worth $44,000 after buying an additional 928 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $61,000. Principal Securities Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $73,000. Finally, Tidemark LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $112,000.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP traded down $0.07 on Friday, reaching $25.53. 53,679 shares of the company’s stock were exchanged, compared to its average volume of 300,516. SPDR Portfolio TIPS ETF has a 52 week low of $24.33 and a 52 week high of $26.01. The stock has a fifty day simple moving average of $25.41 and a 200-day simple moving average of $25.45.

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.