3EDGE Asset Management LP Trims Position in SPDR Portfolio TIPS ETF $SPIP

3EDGE Asset Management LP reduced its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185,670 shares of the company’s stock after selling 91,542 shares during the period. SPDR Portfolio TIPS ETF comprises 1.6% of 3EDGE Asset Management LP’s holdings, making the stock its 20th biggest position. 3EDGE Asset Management LP’s holdings in SPDR Portfolio TIPS ETF were worth $30,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of SPDR Portfolio TIPS ETF by 114.9% in the second quarter. State Street Corp now owns 3,783,799 shares of the company’s stock worth $98,606,000 after acquiring an additional 2,022,696 shares during the last quarter. CWM LLC raised its position in shares of SPDR Portfolio TIPS ETF by 15.4% in the fourth quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after buying an additional 543,940 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of SPDR Portfolio TIPS ETF in the third quarter worth about $3,414,000. PFG Private Wealth Management LLC purchased a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $2,656,000. Finally, Jane Street Group LLC boosted its holdings in shares of SPDR Portfolio TIPS ETF by 267.0% during the 1st quarter. Jane Street Group LLC now owns 80,284 shares of the company’s stock worth $2,118,000 after purchasing an additional 58,406 shares during the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

SPIP stock opened at $25.82 on Wednesday. The business has a 50 day simple moving average of $26.08 and a 200-day simple moving average of $26.11. SPDR Portfolio TIPS ETF has a 1 year low of $25.57 and a 1 year high of $26.58.

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.