IFP Advisors Inc grew its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) by 7,236.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,448 shares of the company’s stock after buying an additional 3,401 shares during the period. IFP Advisors Inc’s holdings in SPDR Portfolio TIPS ETF were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently made changes to their positions in SPIP. Continuum Advisory LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 4.6% in the 1st quarter. Continuum Advisory LLC now owns 65,544 shares of the company’s stock worth $1,729,000 after acquiring an additional 2,862 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 110.8% in the 1st quarter. Golden State Wealth Management LLC now owns 12,186 shares of the company’s stock worth $322,000 after acquiring an additional 6,406 shares during the period. Northwest Wealth Management LLC acquired a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter worth approximately $243,000. Rossby Financial LCC acquired a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter worth approximately $110,000. Finally, Detalus Advisors LLC acquired a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter worth approximately $253,000.
SPDR Portfolio TIPS ETF Stock Down 0.2%
Shares of NYSEARCA:SPIP opened at $26.41 on Monday. The company has a 50 day moving average of $26.28 and a 200-day moving average of $26.02. SPDR Portfolio TIPS ETF has a twelve month low of $25.19 and a twelve month high of $26.58.
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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Want to see what other hedge funds are holding SPIP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report).
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