Northwestern Mutual Wealth Management Co. Has $62,000 Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 73.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,440 shares of the company’s stock after selling 6,879 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Portfolio TIPS ETF were worth $62,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Auour Investments LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 2.1% during the second quarter. Auour Investments LLC now owns 23,577 shares of the company’s stock valued at $599,000 after buying an additional 496 shares during the last quarter. Benchmark Wealth Management LLC grew its stake in shares of SPDR Portfolio TIPS ETF by 4.2% in the 2nd quarter. Benchmark Wealth Management LLC now owns 12,860 shares of the company’s stock worth $327,000 after acquiring an additional 513 shares in the last quarter. Horst & Graben Wealth Management LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 6.4% in the second quarter. Horst & Graben Wealth Management LLC now owns 11,943 shares of the company’s stock valued at $304,000 after purchasing an additional 715 shares during the last quarter. Nwam LLC lifted its position in shares of SPDR Portfolio TIPS ETF by 7.4% during the first quarter. Nwam LLC now owns 11,515 shares of the company’s stock valued at $291,000 after purchasing an additional 792 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in SPDR Portfolio TIPS ETF during the second quarter worth about $26,000.

SPDR Portfolio TIPS ETF Stock Down 0.1 %

Shares of SPIP stock opened at $26.02 on Friday. SPDR Portfolio TIPS ETF has a 52-week low of $24.43 and a 52-week high of $26.43. The company has a 50-day simple moving average of $26.05 and a two-hundred day simple moving average of $25.61.

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.