Cannon Financial Strategists Inc. Has $23.54 Million Stock Position in SPDR Portfolio TIPS ETF $SPIP

Cannon Financial Strategists Inc. increased its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 10.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 903,222 shares of the company’s stock after acquiring an additional 88,481 shares during the period. SPDR Portfolio TIPS ETF comprises 3.7% of Cannon Financial Strategists Inc.’s holdings, making the stock its 8th largest holding. Cannon Financial Strategists Inc. owned approximately 2.47% of SPDR Portfolio TIPS ETF worth $23,538,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its stake in SPDR Portfolio TIPS ETF by 8,652.4% during the first quarter. CWM LLC now owns 2,738,009 shares of the company’s stock worth $72,229,000 after purchasing an additional 2,706,726 shares during the last quarter. 3EDGE Asset Management LP raised its holdings in shares of SPDR Portfolio TIPS ETF by 76.1% during the 1st quarter. 3EDGE Asset Management LP now owns 1,379,050 shares of the company’s stock worth $36,228,000 after buying an additional 596,105 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth $4,019,000. TIAA Trust National Association boosted its stake in SPDR Portfolio TIPS ETF by 80.9% in the first quarter. TIAA Trust National Association now owns 277,765 shares of the company’s stock valued at $7,327,000 after buying an additional 124,205 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in SPDR Portfolio TIPS ETF by 22.2% in the second quarter. Envestnet Asset Management Inc. now owns 426,472 shares of the company’s stock valued at $11,114,000 after buying an additional 77,423 shares in the last quarter.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA SPIP opened at $26.22 on Friday. SPDR Portfolio TIPS ETF has a 12 month low of $25.19 and a 12 month high of $26.58. The stock has a 50-day moving average price of $26.35 and a two-hundred day moving average price of $26.07.

SPDR Portfolio TIPS ETF Company 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.