SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Shares Sold by Cannon Financial Strategists Inc.

Cannon Financial Strategists Inc. cut its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 717,779 shares of the company’s stock after selling 940 shares during the quarter. SPDR Portfolio TIPS ETF makes up 3.3% of Cannon Financial Strategists Inc.’s investment portfolio, making the stock its 9th biggest holding. Cannon Financial Strategists Inc. owned about 1.45% of SPDR Portfolio TIPS ETF worth $18,863,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Lincoln National Corp raised its stake in SPDR Portfolio TIPS ETF by 3.2% during the 1st quarter. Lincoln National Corp now owns 8,350,188 shares of the company’s stock valued at $213,932,000 after acquiring an additional 258,667 shares during the last quarter. Great Valley Advisor Group Inc. increased its stake in SPDR Portfolio TIPS ETF by 12.8% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,343,133 shares of the company’s stock valued at $34,143,000 after purchasing an additional 152,806 shares in the last quarter. Bank of Montreal Can grew its holdings in SPDR Portfolio TIPS ETF by 4.2% during the 2nd quarter. Bank of Montreal Can now owns 456,947 shares of the company’s stock valued at $11,675,000 after buying an additional 18,600 shares during the last quarter. Greenline Partners LLC grew its holdings in SPDR Portfolio TIPS ETF by 0.9% during the 2nd quarter. Greenline Partners LLC now owns 329,895 shares of the company’s stock valued at $8,310,000 after buying an additional 3,025 shares during the last quarter. Finally, Prentice Wealth Management LLC grew its holdings in SPDR Portfolio TIPS ETF by 3.4% during the 3rd quarter. Prentice Wealth Management LLC now owns 327,541 shares of the company’s stock valued at $8,608,000 after buying an additional 10,880 shares during the last quarter.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP traded down $0.12 during trading hours on Monday, reaching $25.89. 39,217 shares of the company traded hands, compared to its average volume of 261,187. SPDR Portfolio TIPS ETF has a 1-year low of $24.48 and a 1-year high of $26.43. The firm’s 50-day moving average is $26.07 and its 200-day moving average is $25.63.

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.