Patriot Financial Group Insurance Agency LLC Reduces Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Patriot Financial Group Insurance Agency LLC reduced its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 5.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,329 shares of the company’s stock after selling 572 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in SPDR Portfolio TIPS ETF were worth $245,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SPIP. Lincoln National Corp grew its position in shares of SPDR Portfolio TIPS ETF by 3.2% during the first quarter. Lincoln National Corp now owns 8,350,188 shares of the company’s stock worth $213,932,000 after buying an additional 258,667 shares in the last quarter. Great Valley Advisor Group Inc. increased its position in shares of SPDR Portfolio TIPS ETF by 12.8% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,343,133 shares of the company’s stock worth $34,143,000 after purchasing an additional 152,806 shares during the last quarter. Cannon Financial Strategists Inc. acquired a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at about $18,270,000. Bank of Montreal Can lifted its position in shares of SPDR Portfolio TIPS ETF by 4.2% during the second quarter. Bank of Montreal Can now owns 456,947 shares of the company’s stock worth $11,675,000 after purchasing an additional 18,600 shares during the last quarter. Finally, Greenline Partners LLC grew its stake in SPDR Portfolio TIPS ETF by 0.9% in the second quarter. Greenline Partners LLC now owns 329,895 shares of the company’s stock worth $8,310,000 after purchasing an additional 3,025 shares in the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

Shares of NYSEARCA SPIP opened at $25.80 on Thursday. The stock’s 50 day moving average price is $26.06 and its two-hundred day moving average price is $25.65. SPDR Portfolio TIPS ETF has a 52-week low of $24.53 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.