Creative Planning Reduces Stake in SPDR Portfolio TIPS ETF

According to a recent filing with the Securities and Exchange Commission (SEC), Creative Planning has reduced its stake in the SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 6.3% during the third quarter of the year. This reduction resulted in the institutional investor holding a total of 25,115 shares of the ETF after selling 1,682 shares in the quarter. As per the latest SEC report, Creative Planning's investment in the SPDR Portfolio TIPS ETF is valued at approximately $660,000.

Other institutional investors have also adjusted their positions in SPIP. For instance, Janney Montgomery Scott LLC increased its holdings by an impressive 23.2% during the first quarter, amassing 323,777 shares worth $8,295,000 after adding another 60,981 shares. Additionally, WBI Investments LLC initiated a new holding in SPDR Portfolio TIPS ETF, valued at $541,000. Insight Advisors LLC PA also raised its position by 4.5%, bringing its total to 117,092 shares worth $3,000,000 after acquiring 5,015 shares over the period.

West Wealth Group LLC entered into a new stake in SPDR Portfolio TIPS ETF, valued at $1,140,000, while Nwam LLC increased its position by 7.4%, resulting in 11,515 shares valued at $291,000 after buying an additional 792 shares. The adjustments by these institutional investors highlight ongoing interest and engagement in the SPDR Portfolio TIPS ETF.

Market Performance of SPDR Portfolio TIPS ETF

As of Monday, SPIP opened at $25.62. The ETF has a fifty-day moving average price of $26.05 and a two-hundred-day moving average price of $25.67. In the past year, the SPDR Portfolio TIPS ETF reached a low of $24.70 and a high of $26.43, indicating some fluctuations in its market performance.

About SPDR Portfolio TIPS ETF

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

Creative, Planning, ETF