Townsquare Capital Sells Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Townsquare Capital LLC has reduced its investment in the SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 12.1% during the third quarter, as detailed in its recent 13F filing with the Securities and Exchange Commission. After the sale of 1,177 shares during this period, the firm now holds a total of 8,515 shares in the ETF. The value of Townsquare Capital LLC’s holdings in SPIP is approximately $224,000, based on the most recent SEC filing.

Other significant investors have also been active with SPDR Portfolio TIPS ETF shares recently. For instance, 1620 Investment Advisors Inc. established a new position in the ETF during the second quarter, worth about $26,000. Similarly, Farmers & Merchants Investments Inc. also acquired a new stake in SPIP, valued at approximately $31,000, and Prosperity Planning Inc. secured a position in the third quarter, worth around $206,000. Additionally, Charles Schwab Trust Co and Nwam LLC made new investments in the ETF during the third quarter, with values of about $218,000 and $227,000, respectively.

Performance Overview of SPDR Portfolio TIPS ETF

As of the latest trading session, shares of the SPDR Portfolio TIPS ETF opened at $25.88. The ETF's 50-day simple moving average stands at $25.83, while its 200-day simple moving average is $25.74. Over the past year, SPIP has touched a low of $24.94 and a high of $26.43, reflecting a stable performance amid varying market conditions.

About SPDR Portfolio TIPS ETF

The SPDR Portfolio TIPS ETF (SPIP) is an exchange-traded fund focused primarily on investment-grade fixed income securities. It aims to track a market-value-weighted index composed of inflation-protected U.S. Treasurys that have a remaining maturity of at least one year. Launched on May 25, 2007, SPIP is managed by State Street, a well-known financial services company.

Conclusion

The recent adjustments made by Townsquare Capital LLC and other large investors in the SPDR Portfolio TIPS ETF illustrate the changing landscape of investment strategies among institutions. As these investors restructure their portfolios, the performance and management of SPIP remain indicative of the growing interest in inflation-protected assets.

SPDR, TIPS, ETF