Navalign LLC Has $2.66 Million Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Navalign LLC increased its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 359.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,177 shares of the company’s stock after buying an additional 81,503 shares during the period. SPDR Portfolio TIPS ETF accounts for 0.9% of Navalign LLC’s portfolio, making the stock its 19th largest holding. Navalign LLC owned 0.16% of SPDR Portfolio TIPS ETF worth $2,664,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPIP. Coppell Advisory Solutions LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth $25,000. Coppell Advisory Solutions Corp. acquired a new stake in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $36,000. Harbour Investments Inc. boosted its stake in shares of SPDR Portfolio TIPS ETF by 236.2% during the 1st quarter. Harbour Investments Inc. now owns 2,071 shares of the company’s stock worth $55,000 after acquiring an additional 1,455 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of SPDR Portfolio TIPS ETF by 36.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,167 shares of the company’s stock valued at $56,000 after acquiring an additional 574 shares during the last quarter. Finally, Comerica Bank acquired a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $100,000.

SPDR Portfolio TIPS ETF Stock Down 0.4 %

SPDR Portfolio TIPS ETF stock traded down $0.09 during trading hours on Thursday, reaching $25.62. 151,434 shares of the company were exchanged, compared to its average volume of 318,228. SPDR Portfolio TIPS ETF has a 12 month low of $24.33 and a 12 month high of $26.74. The stock has a 50-day moving average of $25.55 and a 200 day moving average of $25.28.

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.