Cwm LLC Buys 290,396 Shares of SPDR Portfolio TIPS ETF $SPIP

Cwm LLC grew its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 10.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,028,405 shares of the company’s stock after acquiring an additional 290,396 shares during the period. Cwm LLC owned 0.08% of SPDR Portfolio TIPS ETF worth $78,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 7,488.8% during the first quarter. Farther Finance Advisors LLC now owns 15,557 shares of the company’s stock valued at $407,000 after acquiring an additional 15,352 shares in the last quarter. Cetera Investment Advisers increased its holdings in SPDR Portfolio TIPS ETF by 2.6% during the first quarter. Cetera Investment Advisers now owns 79,673 shares of the company’s stock valued at $2,102,000 after buying an additional 2,029 shares during the period. Private Advisor Group LLC increased its holdings in SPDR Portfolio TIPS ETF by 6.3% during the first quarter. Private Advisor Group LLC now owns 118,479 shares of the company’s stock valued at $3,125,000 after buying an additional 7,014 shares during the period. Montag A & Associates Inc. purchased a new position in SPDR Portfolio TIPS ETF during the first quarter valued at approximately $29,000. Finally, TIAA Trust National Association increased its holdings in SPDR Portfolio TIPS ETF by 80.9% during the first quarter. TIAA Trust National Association now owns 277,765 shares of the company’s stock valued at $7,327,000 after buying an additional 124,205 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

Shares of SPIP stock opened at $26.39 on Friday. The company’s 50 day moving average is $26.25 and its 200 day moving average is $26.01. SPDR Portfolio TIPS ETF has a 52-week low of $25.19 and a 52-week high of $26.58.

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.