Charles Schwab Trust Co purchased a new position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 118,872 shares of the company’s stock, valued at approximately $2,897,000. Charles Schwab Trust Co owned 0.28% of SPDR Portfolio TIPS ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Financial Strategies CORP acquired a new stake in SPDR Portfolio TIPS ETF during the second quarter worth about $32,000. Park National Corp OH acquired a new position in SPDR Portfolio TIPS ETF in the 1st quarter valued at about $69,000. Western Wealth Management LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter valued at approximately $92,000. Mather Group LLC. purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 3rd quarter valued at approximately $100,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter valued at approximately $133,000.
SPDR Portfolio TIPS ETF Stock Up 0.5%
Shares of NYSEARCA SPIP traded up $0.12 during midday trading on Thursday, reaching $24.66. 575,172 shares of the stock were exchanged, compared to its average volume of 378,460. The company has a 50 day simple moving average of $24.82 and a 200 day simple moving average of $25.42. SPDR Portfolio TIPS ETF has a twelve month low of $24.28 and a twelve month high of $26.55.
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.
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