Hughes Financial Services LLC lowered its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 652,004 shares of the company’s stock after selling 156,831 shares during the quarter. SPDR Portfolio TIPS ETF makes up approximately 2.1% of Hughes Financial Services LLC’s portfolio, making the stock its 10th largest holding. Hughes Financial Services LLC’s holdings in SPDR Portfolio TIPS ETF were worth $16,248,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SPIP. ERn Financial LLC purchased a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $9,588,000. Flagship Harbor Advisors LLC purchased a new stake in SPDR Portfolio TIPS ETF during the third quarter valued at about $9,539,000. Aquire Wealth Advisors LLC purchased a new stake in SPDR Portfolio TIPS ETF during the third quarter valued at about $4,967,000. State Street Corp boosted its position in SPDR Portfolio TIPS ETF by 5.4% during the second quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after purchasing an additional 197,597 shares during the period. Finally, Garde Capital Inc. bought a new position in SPDR Portfolio TIPS ETF during the third quarter worth about $2,901,000.
SPDR Portfolio TIPS ETF Trading Down 0.2%
SPIP opened at $24.78 on Wednesday. The firm has a 50-day moving average price of $24.75 and a 200-day moving average price of $25.55. SPDR Portfolio TIPS ETF has a twelve month low of $24.28 and a twelve 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.
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