Townsquare Capital Reduces Stake in SPDR Portfolio TIPS ETF

Townsquare Capital LLC has reduced its stake in the SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 12.1% as reported in their latest 13F filing with the Securities and Exchange Commission. After selling 1,177 shares during the third quarter, the firm now holds 8,515 shares of the ETF, which were valued at approximately $224,000 based on the latest SEC update.

In addition to Townsquare Capital's transactions, several other large investors have recently adjusted their positions in the SPDR Portfolio TIPS ETF. For instance, 1620 Investment Advisors Inc. took a new position in the second quarter worth around $26,000. Concurrently, Farmers & Merchants Investments Inc. also acquired shares in the second quarter valued at approximately $31,000. Furthermore, Prosperity Planning Inc. made a new investment of around $206,000 in the third quarter, while Charles Schwab Trust Co invested about $218,000 during the same period. Lastly, Nwam LLC bought shares worth approximately $227,000 in the third quarter.

Performance of SPDR Portfolio TIPS ETF

On Friday, the SPDR Portfolio TIPS ETF opened at a price of $25.88. The ETF has a 50-day simple moving average of $25.83 and a 200-day simple moving average of $25.74. Over the past year, the fund has experienced a low of $24.94 and a high of $26.43 in its trading range.

About SPDR Portfolio TIPS ETF

The SPDR Portfolio TIPS ETF (SPIP) is an exchange-traded fund that primarily focuses on investment-grade fixed income securities. It follows a market-value-weighted index of US Treasurys that are protected against inflation and have a remaining maturity of at least one year. Established on May 25, 2007, the fund is managed by State Street.

TIPS, ETF, Investment