8,648 Shares in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Bought by Nwam LLC

Nwam LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) in the third quarter, HoldingsChannel.com reports. The firm purchased 8,648 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPIP. Cannon Financial Strategists Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth about $18,270,000. Great Valley Advisor Group Inc. lifted its position in SPDR Portfolio TIPS ETF by 12.8% during the second quarter. Great Valley Advisor Group Inc. now owns 1,343,133 shares of the company’s stock valued at $34,143,000 after buying an additional 152,806 shares in the last quarter. NewEdge Advisors LLC grew its stake in SPDR Portfolio TIPS ETF by 119.0% during the second quarter. NewEdge Advisors LLC now owns 207,254 shares of the company’s stock worth $5,268,000 after buying an additional 112,599 shares during the period. Cetera Investment Advisers increased its position in shares of SPDR Portfolio TIPS ETF by 147.9% in the first quarter. Cetera Investment Advisers now owns 80,485 shares of the company’s stock worth $2,062,000 after acquiring an additional 48,018 shares in the last quarter. Finally, Prentice Wealth Management LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 14.2% in the 2nd quarter. Prentice Wealth Management LLC now owns 316,661 shares of the company’s stock valued at $8,050,000 after acquiring an additional 39,408 shares during the period.

SPDR Portfolio TIPS ETF Stock Performance

NYSEARCA:SPIP opened at $25.77 on Tuesday. The firm’s fifty day simple moving average is $25.92 and its 200 day simple moving average is $25.72. SPDR Portfolio TIPS ETF has a twelve month low of $24.94 and a twelve month high of $26.43.

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.