IFG Advisory LLC bought a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 483,138 shares of the company’s stock, valued at approximately $11,774,000. IFG Advisory LLC owned about 1.12% of SPDR Portfolio TIPS ETF at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its position in SPDR Portfolio TIPS ETF by 5.4% during the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock valued at $99,367,000 after purchasing an additional 197,597 shares during the period. Gerber Kawasaki Wealth & Investment Management bought a new position in SPDR Portfolio TIPS ETF during the 3rd quarter worth $1,711,000. Auour Investments LLC bought a new position in SPDR Portfolio TIPS ETF during the 3rd quarter worth $665,000. Vise Technologies Inc. increased its position in SPDR Portfolio TIPS ETF by 186.0% in the third quarter. Vise Technologies Inc. now owns 41,569 shares of the company’s stock worth $1,013,000 after buying an additional 27,033 shares during the period. Finally, Busey Bank acquired a new stake in SPDR Portfolio TIPS ETF in the third quarter worth $826,000.
SPDR Portfolio TIPS ETF Stock Performance
SPIP stock traded down $0.04 during mid-day trading on Friday, reaching $24.43. The company had a trading volume of 906,841 shares, compared to its average volume of 412,186. SPDR Portfolio TIPS ETF has a one year low of $24.28 and a one year high of $26.45. The stock’s 50-day simple moving average is $24.67 and its two-hundred day simple moving average is $25.50.
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.
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