Truist Financial Corp Has $2.32 Million Stock Holdings in SPDR Portfolio TIPS ETF $SPIP

Truist Financial Corp cut its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 22.0% during the fourth quarter, Holdings Channel reports. The firm owned 89,293 shares of the company’s stock after selling 25,137 shares during the quarter. Truist Financial Corp’s holdings in SPDR Portfolio TIPS ETF were worth $2,317,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its position in shares of SPDR Portfolio TIPS ETF by 69.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock worth $36,000 after purchasing an additional 563 shares during the period. Smartleaf Asset Management LLC raised its position in shares of SPDR Portfolio TIPS ETF by 43.6% during the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after purchasing an additional 1,127 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $106,000. Jones Financial Companies Lllp raised its holdings in shares of SPDR Portfolio TIPS ETF by 36.5% during the first quarter. Jones Financial Companies Lllp now owns 8,310 shares of the company’s stock valued at $219,000 after acquiring an additional 2,220 shares during the period. Finally, Detalus Advisors LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 10.3% during the third quarter. Detalus Advisors LLC now owns 10,153 shares of the company’s stock valued at $267,000 after acquiring an additional 950 shares during the period.

SPDR Portfolio TIPS ETF Stock Performance

SPIP stock opened at $26.05 on Thursday. SPDR Portfolio TIPS ETF has a 52-week low of $25.57 and a 52-week high of $26.58. The company’s 50 day simple moving average is $26.11 and its 200-day simple moving average is $26.13.

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.