SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Holdings Decreased by Cannon Financial Strategists Inc.

Cannon Financial Strategists Inc. cut its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 0.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 717,779 shares of the company’s stock after selling 940 shares during the quarter. SPDR Portfolio TIPS ETF accounts for about 3.3% of Cannon Financial Strategists Inc.’s portfolio, making the stock its 9th largest position. Cannon Financial Strategists Inc.’s holdings in SPDR Portfolio TIPS ETF were worth $18,863,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SPIP. 1620 Investment Advisors Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF during the second quarter worth about $26,000. Farmers & Merchants Investments Inc. acquired a new position in SPDR Portfolio TIPS ETF in the second quarter worth about $31,000. B. Riley Wealth Advisors Inc. acquired a new position in SPDR Portfolio TIPS ETF in the first quarter valued at approximately $205,000. Prosperity Planning Inc. acquired a new position in shares of SPDR Portfolio TIPS ETF during the third quarter worth approximately $206,000. Finally, Charles Schwab Trust Co acquired a new position in shares of SPDR Portfolio TIPS ETF during the third quarter worth approximately $218,000.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP traded down $0.12 during midday trading on Monday, hitting $25.89. 39,217 shares of the stock were exchanged, compared to its average volume of 261,187. SPDR Portfolio TIPS ETF has a one year low of $24.48 and a one year high of $26.43. The business has a 50-day moving average price of $26.07 and a two-hundred day moving average price of $25.63.

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.