Townsquare Capital Reduces Holdings in SPDR Portfolio TIPS ETF

Townsquare Capital LLC has recently announced a decrease in its investment in the SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 12.1% during the third quarter of the year. This information was disclosed in their latest 13F filing with the Securities and Exchange Commission. After selling off 1,177 shares during this period, Townsquare Capital now holds a total of 8,515 shares of the ETF, which are valued at approximately $224,000 according to their most recent filing.

In addition to Townsquare's adjustments, several other significant investors have also been involved in trading shares of the SPDR Portfolio TIPS ETF. For instance, in the second quarter, 1620 Investment Advisors Inc. established a new position valued at around $26,000, while Farmers & Merchants Investments Inc. acquired a similar position worth approximately $31,000. Prosperity Planning Inc. made a noteworthy investment during the third quarter, amounting to about $206,000. Furthermore, Charles Schwab Trust Co and Nwam LLC both entered new deals in the third quarter, with their investments valued at $218,000 and $227,000 respectively.

Current Price Performance of SPDR Portfolio TIPS ETF

The SPDR Portfolio TIPS ETF opened at $25.88 last Friday. Its current 50-day simple moving average stands at $25.83, while the 200-day simple moving average is at $25.74. Over the past year, the ETF has experienced a low of $24.94 and a high of $26.43, indicating a degree of stability in its price performance.

Overview of SPDR Portfolio TIPS ETF

The SPDR Portfolio TIPS ETF focuses primarily on investing in high-quality fixed income securities. Specifically, this exchange-traded fund tracks a market-value-weighted index comprising inflation-protected US Treasurys, which must have a remaining maturity of at least one year. Launched on May 25, 2007, the SPIP ETF is managed by State Street, a prominent name in asset management.

Final Thoughts

As the investment landscape continues to shift, the actions of significant investors like Townsquare Capital can provide insightful indicators of market trends and investor sentiment toward specific assets like the SPDR Portfolio TIPS ETF. With growing interest from various entities, monitoring these movements can be crucial for potential investors.

SPDR, TIPS, ETF