Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Free Report) by 22.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 426,472 shares of the company’s stock after buying an additional 77,423 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR Portfolio TIPS ETF were worth $11,114,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SPIP. Morgan Dempsey Capital Management LLC lifted its holdings in SPDR Portfolio TIPS ETF by 117.7% during the second quarter. Morgan Dempsey Capital Management LLC now owns 3,130 shares of the company’s stock worth $82,000 after acquiring an additional 1,692 shares during the period. Stratos Wealth Partners LTD. bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter valued at $4,019,000. Priebe Wealth Holdings LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter valued at $313,000. Ellis Investment Partners LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter valued at $213,000. Finally, CWM LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 10.6% during the 2nd quarter. CWM LLC now owns 3,028,405 shares of the company’s stock worth $78,920,000 after purchasing an additional 290,396 shares during the period.
SPDR Portfolio TIPS ETF Price Performance
Shares of NYSEARCA:SPIP opened at $26.22 on Friday. The company’s 50-day moving average is $26.35 and its 200 day moving average is $26.07. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.19 and a fifty-two week high of $26.58.
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.
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