Ellis Investment Partners LLC Takes $213,000 Position in SPDR Portfolio TIPS ETF $SPIP

Ellis Investment Partners LLC acquired a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,167 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also recently made changes to their positions in SPIP. CWM LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 8,652.4% during the first quarter. CWM LLC now owns 2,738,009 shares of the company’s stock valued at $72,229,000 after purchasing an additional 2,706,726 shares during the period. Silver Oak Securities Incorporated raised its holdings in shares of SPDR Portfolio TIPS ETF by 11,131.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,269,151 shares of the company’s stock worth $33,480,000 after acquiring an additional 1,257,851 shares during the last quarter. 3EDGE Asset Management LP raised its holdings in shares of SPDR Portfolio TIPS ETF by 76.1% in the 1st quarter. 3EDGE Asset Management LP now owns 1,379,050 shares of the company’s stock worth $36,228,000 after acquiring an additional 596,105 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of SPDR Portfolio TIPS ETF by 80.9% in the 1st quarter. TIAA Trust National Association now owns 277,765 shares of the company’s stock worth $7,327,000 after acquiring an additional 124,205 shares during the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter worth about $2,988,000.

SPDR Portfolio TIPS ETF Stock Performance

SPIP opened at $26.40 on Tuesday. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.19 and a fifty-two week high of $26.58. The company’s 50-day moving average is $26.26 and its 200 day moving average is $26.01.

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.