Kwmg LLC Takes Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Kwmg LLC acquired a new position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 8,814 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also recently added to or reduced their stakes in the business. Cannon Financial Strategists Inc. acquired a new stake in SPDR Portfolio TIPS ETF during the second quarter valued at approximately $18,270,000. Wooster Corthell Wealth Management Inc. raised its holdings in SPDR Portfolio TIPS ETF by 2.7% during the 3rd quarter. Wooster Corthell Wealth Management Inc. now owns 301,740 shares of the company’s stock worth $7,930,000 after buying an additional 8,043 shares during the period. Creative Planning lifted its stake in SPDR Portfolio TIPS ETF by 6.1% during the second quarter. Creative Planning now owns 26,797 shares of the company’s stock valued at $681,000 after buying an additional 1,538 shares in the last quarter. Fulton Breakefield Broenniman LLC boosted its holdings in shares of SPDR Portfolio TIPS ETF by 7.9% in the third quarter. Fulton Breakefield Broenniman LLC now owns 61,804 shares of the company’s stock worth $1,624,000 after buying an additional 4,532 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth approximately $351,000.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP traded up $0.02 during trading hours on Monday, hitting $25.23. 173,563 shares of the stock traded hands, compared to its average volume of 181,355. The firm has a 50 day moving average price of $25.56 and a 200 day moving average price of $25.75. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.94 and a fifty-two week high of $26.43.

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.