Bank of New York Mellon Corp Has $2.98 Million Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Bank of New York Mellon Corp lessened its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,863 shares of the company’s stock after selling 12,015 shares during the period. Bank of New York Mellon Corp owned approximately 0.24% of SPDR Portfolio TIPS ETF worth $2,983,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPIP. 3EDGE Asset Management LP bought a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $19,816,000. Flow Traders U.S. LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth approximately $9,399,000. Fulton Breakefield Broenniman LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 88.6% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 116,575 shares of the company’s stock valued at $2,951,000 after purchasing an additional 54,771 shares during the last quarter. Cannon Financial Strategists Inc. raised its holdings in shares of SPDR Portfolio TIPS ETF by 7.6% during the 4th quarter. Cannon Financial Strategists Inc. now owns 772,291 shares of the company’s stock worth $19,547,000 after buying an additional 54,512 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $554,000.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA:SPIP opened at $26.18 on Friday. SPDR Portfolio TIPS ETF has a one year low of $24.94 and a one year high of $26.44. The firm has a 50 day simple moving average of $25.80 and a 200 day simple moving average of $25.80.

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.