Transcendent Capital Group LLC Takes $61,000 Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Transcendent Capital Group LLC bought a new position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,398 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPIP. ORG Partners LLC increased its stake in SPDR Portfolio TIPS ETF by 117.5% in the 4th quarter. ORG Partners LLC now owns 1,718 shares of the company’s stock worth $44,000 after acquiring an additional 928 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter valued at $73,000. Financial Gravity Asset Management Inc. increased its position in SPDR Portfolio TIPS ETF by 1,800.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 4,275 shares of the company’s stock worth $106,000 after purchasing an additional 4,050 shares during the last quarter. Tidemark LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at $112,000. Finally, Householder Group Estate & Retirement Specialist LLC lifted its position in SPDR Portfolio TIPS ETF by 9.0% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 5,226 shares of the company’s stock valued at $133,000 after purchasing an additional 432 shares during the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

Shares of NYSEARCA:SPIP traded up $0.02 on Friday, reaching $25.47. The company’s stock had a trading volume of 117,855 shares, compared to its average volume of 261,485. The company has a 50-day simple moving average of $25.27 and a 200 day simple moving average of $25.46. SPDR Portfolio TIPS ETF has a 52-week low of $24.33 and a 52-week high of $26.01.

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.