Hughes Financial Services LLC Invests $14.43 Million in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Hughes Financial Services LLC purchased a new position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 569,946 shares of the company’s stock, valued at approximately $14,425,000. SPDR Portfolio TIPS ETF comprises 3.0% of Hughes Financial Services LLC’s portfolio, making the stock its 10th biggest holding. Hughes Financial Services LLC owned approximately 1.15% of SPDR Portfolio TIPS ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. 3EDGE Asset Management LP acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth $19,816,000. Flow Traders U.S. LLC acquired a new position in SPDR Portfolio TIPS ETF during the third quarter worth $9,399,000. Raymond James Financial Inc. acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth $5,164,000. Fulton Breakefield Broenniman LLC increased its position in SPDR Portfolio TIPS ETF by 88.6% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 116,575 shares of the company’s stock worth $2,951,000 after buying an additional 54,771 shares during the last quarter. Finally, Cannon Financial Strategists Inc. increased its position in SPDR Portfolio TIPS ETF by 7.6% during the fourth quarter. Cannon Financial Strategists Inc. now owns 772,291 shares of the company’s stock worth $19,547,000 after buying an additional 54,512 shares during the last quarter.

SPDR Portfolio TIPS ETF Price Performance

SPDR Portfolio TIPS ETF stock opened at $26.05 on Friday. SPDR Portfolio TIPS ETF has a one year low of $24.94 and a one year high of $26.43. The company’s fifty day moving average price is $25.72 and its two-hundred day moving average price is $25.80.

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.