SPDR Portfolio TIPS ETF $SPIP is Hughes Financial Services LLC’s 9th Largest Position

Hughes Financial Services LLC increased its holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 6.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 630,836 shares of the company’s stock after buying an additional 36,255 shares during the period. SPDR Portfolio TIPS ETF accounts for approximately 2.8% of Hughes Financial Services LLC’s portfolio, making the stock its 9th largest holding. Hughes Financial Services LLC’s holdings in SPDR Portfolio TIPS ETF were worth $16,455,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Montag A & Associates Inc. bought a new position in SPDR Portfolio TIPS ETF during the 1st quarter worth approximately $29,000. Simplex Trading LLC bought a new position in shares of SPDR Portfolio TIPS ETF in the second quarter worth approximately $31,000. Realta Investment Advisors boosted its holdings in shares of SPDR Portfolio TIPS ETF by 60.7% during the 1st quarter. Realta Investment Advisors now owns 1,671 shares of the company’s stock valued at $44,000 after acquiring an additional 631 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter valued at about $45,000. Finally, Morgan Dempsey Capital Management LLC grew its position in SPDR Portfolio TIPS ETF by 117.7% during the second 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 period.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA:SPIP opened at $26.22 on Monday. SPDR Portfolio TIPS ETF has a 1-year low of $25.19 and a 1-year high of $26.58. The firm’s 50 day simple moving average is $26.35 and its two-hundred day simple moving average is $26.08.

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.