SPDR Portfolio TIPS ETF $SPIP Stock Holdings Reduced by Hughes Financial Services LLC

Hughes Financial Services LLC cut its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 19.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 652,004 shares of the company’s stock after selling 156,831 shares during the period. SPDR Portfolio TIPS ETF accounts for approximately 2.1% of Hughes Financial Services LLC’s investment portfolio, making the stock its 10th biggest holding. Hughes Financial Services LLC owned about 1.53% of SPDR Portfolio TIPS ETF worth $16,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPIP. State Street Corp raised its stake in SPDR Portfolio TIPS ETF by 5.4% during the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after buying an additional 197,597 shares during the period. Willow Creek Wealth Management Inc. boosted its holdings in SPDR Portfolio TIPS ETF by 15.6% in the third quarter. Willow Creek Wealth Management Inc. now owns 792,541 shares of the company’s stock worth $19,314,000 after acquiring an additional 106,665 shares in the last quarter. ERn Financial LLC acquired a new stake in SPDR Portfolio TIPS ETF in the third quarter valued at approximately $9,588,000. Flagship Harbor Advisors LLC acquired a new stake in SPDR Portfolio TIPS ETF in the third quarter valued at approximately $9,539,000. Finally, Aquire Wealth Advisors LLC acquired a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter valued at $4,967,000.

SPDR Portfolio TIPS ETF Stock Performance

Shares of SPIP stock opened at $24.78 on Wednesday. The firm has a fifty day simple moving average of $24.75 and a two-hundred day simple moving average of $25.55. SPDR Portfolio TIPS ETF has a 12 month low of $24.28 and a 12 month high of $26.45.

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.