Cary Street Partners Financial LLC Makes New Investment in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Cary Street Partners Financial LLC bought a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) in the fourth quarter, Holdings Channel reports. The institutional investor bought 39,816 shares of the company’s stock, valued at approximately $1,008,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Morgan Dempsey Capital Management LLC bought a new position in SPDR Portfolio TIPS ETF during the fourth quarter valued at $25,000. Realta Investment Advisors purchased a new position in SPDR Portfolio TIPS ETF in the fourth quarter worth about $26,000. Blue Trust Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $27,000. Transcendent Capital Group LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 31.2% in the 4th quarter. Transcendent Capital Group LLC now owns 3,155 shares of the company’s stock valued at $80,000 after purchasing an additional 750 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of SPDR Portfolio TIPS ETF in the 4th quarter worth approximately $146,000.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP opened at $25.92 on Thursday. The business’s 50 day moving average price is $26.00 and its 200-day moving average price is $25.76. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.15 and a fifty-two week high of $26.47.

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.