IFG Advisory LLC Purchases New Position in SPDR Portfolio TIPS ETF $SPIP

IFG Advisory LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 483,138 shares of the company’s stock, valued at approximately $11,774,000.

A number of other hedge funds also recently made changes to their positions in the business. Jacobi Capital Management LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the third quarter worth approximately $2,004,000. Lido Advisors LLC acquired a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter valued at approximately $755,000. Keybank National Association OH acquired a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter valued at approximately $452,000. Lynx Capital Group Ltd. ADV acquired a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter valued at approximately $580,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in SPDR Portfolio TIPS ETF during the 3rd quarter valued at $293,000.

SPDR Portfolio TIPS ETF Stock Down 0.2%

SPDR Portfolio TIPS ETF stock traded down $0.04 during mid-day trading on Friday, hitting $24.43. 906,841 shares of the company’s stock traded hands, compared to its average volume of 412,186. The firm has a 50 day moving average price of $24.67 and a 200 day moving average price of $25.50. SPDR Portfolio TIPS ETF has a one year low of $24.28 and a one year high of $26.45.

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.