SeaBridge Investment Advisors LLC Sells 12,160 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

SeaBridge Investment Advisors LLC lowered its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,607 shares of the company’s stock after selling 12,160 shares during the period. SeaBridge Investment Advisors LLC owned about 0.21% of SPDR Portfolio TIPS ETF worth $2,597,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SPIP. Blue Trust Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at about $164,000. Prosperity Planning Inc. purchased a new stake in SPDR Portfolio TIPS ETF in the third quarter valued at about $206,000. Charles Schwab Trust Co acquired a new stake in SPDR Portfolio TIPS ETF in the third quarter worth about $218,000. Kwmg LLC acquired a new stake in SPDR Portfolio TIPS ETF in the fourth quarter worth about $223,000. Finally, Nwam LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the third quarter worth about $227,000.

SPDR Portfolio TIPS ETF Stock Down 0.0 %

Shares of SPDR Portfolio TIPS ETF stock opened at $25.63 on Friday. The company has a 50 day moving average price of $25.52 and a 200 day moving average price of $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.