TIAA Trust National Association boosted its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,560 shares of the company’s stock after purchasing an additional 7,500 shares during the period. TIAA Trust National Association owned approximately 0.31% of SPDR Portfolio TIPS ETF worth $3,887,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in SPIP. LPL Financial LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 9.5% in the 4th quarter. LPL Financial LLC now owns 1,549,007 shares of the company’s stock worth $39,205,000 after purchasing an additional 134,776 shares during the period. Hughes Financial Services LLC purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $14,425,000. HighTower Advisors LLC acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $443,000. Global View Capital Management LLC acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $1,124,000. Finally, Independent Advisor Alliance acquired a new stake in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth $1,060,000.
SPDR Portfolio TIPS ETF Stock Performance
NYSEARCA:SPIP opened at $26.09 on Thursday. The firm’s fifty day simple moving average is $25.86 and its 200 day simple moving average is $25.80. SPDR Portfolio TIPS ETF has a twelve month low of $24.94 and a twelve month high of $26.44.
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.
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