SPDR Portfolio TIPS ETF $SPIP Stock Position Lowered by Truist Financial Corp

Truist Financial Corp lessened its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 22.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,293 shares of the company’s stock after selling 25,137 shares during the period. Truist Financial Corp owned approximately 0.23% of SPDR Portfolio TIPS ETF worth $2,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPIP. Jones Financial Companies Lllp raised its stake in shares of SPDR Portfolio TIPS ETF by 36.5% in the 1st quarter. Jones Financial Companies Lllp now owns 8,310 shares of the company’s stock worth $219,000 after buying an additional 2,220 shares in the last quarter. Jane Street Group LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 267.0% in the 1st quarter. Jane Street Group LLC now owns 80,284 shares of the company’s stock worth $2,118,000 after buying an additional 58,406 shares in the last quarter. State Street Corp raised its holdings in shares of SPDR Portfolio TIPS ETF by 114.9% in the 2nd quarter. State Street Corp now owns 3,783,799 shares of the company’s stock worth $98,606,000 after purchasing an additional 2,022,696 shares in the last quarter. Procyon Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $5,080,000. Finally, Auour Investments LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 1.6% in the 3rd quarter. Auour Investments LLC now owns 25,793 shares of the company’s stock worth $679,000 after purchasing an additional 410 shares in the last quarter.

SPDR Portfolio TIPS ETF Trading Up 0.1%

NYSEARCA SPIP opened at $26.05 on Thursday. The company’s 50 day simple moving average is $26.11 and its 200 day simple moving average is $26.13. SPDR Portfolio TIPS ETF has a 12 month low of $25.57 and a 12 month high of $26.58.

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.