SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Shares Sold by Ridgewood Investments LLC

Ridgewood Investments LLC reduced its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 6.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,270 shares of the company’s stock after selling 1,776 shares during the period. Ridgewood Investments LLC’s holdings in SPDR Portfolio TIPS ETF were worth $638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Traction Financial Partners LLC acquired a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $1,981,000. Mosley Wealth Management purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at $8,950,000. Aspect Partners LLC acquired a new position in SPDR Portfolio TIPS ETF during the 4th quarter worth $893,000. Transcendent Capital Group LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth about $61,000. Finally, Vima LLC acquired a new stake in SPDR Portfolio TIPS ETF in the 4th quarter valued at about $39,000.

SPDR Portfolio TIPS ETF Stock Performance

Shares of SPDR Portfolio TIPS ETF stock traded down $0.17 on Friday, reaching $26.02. 120,776 shares of the company were exchanged, compared to its average volume of 268,519. The stock’s 50 day moving average price is $26.01 and its 200-day moving average price is $25.60. SPDR Portfolio TIPS ETF has a 1-year low of $24.33 and a 1-year 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.