SPDR Portfolio TIPS ETF $SPIP Shares Newly Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC bought a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) in the 3rd quarter, Holdings Channel.com reports. The firm bought 82,227 shares of the company’s stock, valued at approximately $2,004,000.

Several other institutional investors also recently bought and sold shares of SPIP. ERn Financial LLC bought a new position in SPDR Portfolio TIPS ETF during the 3rd quarter worth approximately $9,588,000. Flagship Harbor Advisors LLC purchased a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $9,539,000. Aquire Wealth Advisors LLC purchased a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $4,967,000. State Street Corp increased its stake in SPDR Portfolio TIPS ETF by 5.4% in the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after purchasing an additional 197,597 shares during the period. Finally, Garde Capital Inc. purchased a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth approximately $2,901,000.

SPDR Portfolio TIPS ETF Trading Down 0.5%

Shares of SPIP stock opened at $24.47 on Friday. SPDR Portfolio TIPS ETF has a fifty-two week low of $24.28 and a fifty-two week high of $26.45. The stock has a 50 day moving average price of $24.69 and a two-hundred day moving average price of $25.50.

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.