118,872 Shares in SPDR Portfolio TIPS ETF $SPIP Purchased by Charles Schwab Trust Co

Charles Schwab Trust Co purchased a new position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 118,872 shares of the company’s stock, valued at approximately $2,897,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in SPDR Portfolio TIPS ETF during the 3rd quarter worth about $100,000. SigFig Wealth Management LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 3rd quarter worth about $1,355,000. Ridgewood Investments LLC acquired a new stake in SPDR Portfolio TIPS ETF in the third quarter valued at approximately $292,000. State Street Corp increased its holdings in SPDR Portfolio TIPS ETF by 5.4% in the second quarter. State Street Corp now owns 3,869,418 shares of the company’s stock valued at $99,367,000 after buying an additional 197,597 shares during the last quarter. Finally, Continuum Advisory LLC raised its stake in SPDR Portfolio TIPS ETF by 8.2% in the second quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after buying an additional 6,063 shares in the last quarter.

SPDR Portfolio TIPS ETF Trading Up 0.5%

Shares of NYSEARCA:SPIP traded up $0.12 on Thursday, hitting $24.66. 575,172 shares of the company’s stock were exchanged, compared to its average volume of 378,460. The firm’s 50-day moving average is $24.82 and its 200 day moving average is $25.42. SPDR Portfolio TIPS ETF has a 1-year low of $24.28 and a 1-year high of $26.55.

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.