Hughes Financial Services LLC Has $16.46 Million Stock Holdings in SPDR Portfolio TIPS ETF $SPIP

Hughes Financial Services LLC grew its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 6.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 630,836 shares of the company’s stock after acquiring an additional 36,255 shares during the quarter. SPDR Portfolio TIPS ETF accounts for approximately 2.8% of Hughes Financial Services LLC’s investment portfolio, making the stock its 9th largest position. Hughes Financial Services LLC owned 1.72% of SPDR Portfolio TIPS ETF worth $16,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Montag A & Associates Inc. bought a new stake in shares of SPDR Portfolio TIPS ETF during the first quarter worth $29,000. Simplex Trading LLC bought a new position in SPDR Portfolio TIPS ETF in the second quarter valued at about $31,000. Realta Investment Advisors boosted its stake in shares of SPDR Portfolio TIPS ETF by 60.7% during the first quarter. Realta Investment Advisors now owns 1,671 shares of the company’s stock valued at $44,000 after purchasing an additional 631 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of SPDR Portfolio TIPS ETF in the second quarter valued at approximately $45,000. Finally, Morgan Dempsey Capital Management LLC raised its holdings in SPDR Portfolio TIPS ETF by 117.7% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 3,130 shares of the company’s stock valued at $82,000 after buying an additional 1,692 shares during the last quarter.

SPDR Portfolio TIPS ETF Price Performance

SPIP opened at $26.22 on Monday. The company’s 50 day moving average price is $26.35 and its two-hundred day moving average price is $26.08. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.19 and a fifty-two week high of $26.58.

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.