HB Wealth Management LLC Sells 1,889 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

HB Wealth Management LLC lessened its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 16.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,556 shares of the company’s stock after selling 1,889 shares during the period. HB Wealth Management LLC’s holdings in SPDR Portfolio TIPS ETF were worth $245,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vima LLC bought a new position in SPDR Portfolio TIPS ETF in the 4th quarter worth about $39,000. ORG Partners LLC boosted its stake in SPDR Portfolio TIPS ETF by 117.5% in the 4th quarter. ORG Partners LLC now owns 1,718 shares of the company’s stock worth $44,000 after purchasing an additional 928 shares in the last quarter. Transcendent Capital Group LLC bought a new position in SPDR Portfolio TIPS ETF in the 4th quarter worth about $61,000. Principal Securities Inc. bought a new position in SPDR Portfolio TIPS ETF in the 4th quarter worth about $73,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in SPDR Portfolio TIPS ETF by 1,800.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 4,275 shares of the company’s stock worth $106,000 after purchasing an additional 4,050 shares in the last quarter.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA:SPIP opened at $25.42 on Friday. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.33 and a fifty-two week high of $26.01. The business has a 50-day simple moving average of $25.34 and a two-hundred day simple moving average of $25.46.

SPDR Portfolio TIPS ETF 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.