Charles Schwab Trust Co Buys 4,742 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Charles Schwab Trust Co raised its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 25.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,209 shares of the company’s stock after buying an additional 4,742 shares during the period. Charles Schwab Trust Co owned about 0.07% of SPDR Portfolio TIPS ETF worth $612,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Morgan Dempsey Capital Management LLC bought a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $25,000. Realta Investment Advisors bought a new stake in SPDR Portfolio TIPS ETF in the 4th quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in SPDR Portfolio TIPS ETF in the fourth quarter worth approximately $27,000. Transcendent Capital Group LLC grew its position in SPDR Portfolio TIPS ETF by 31.2% during the fourth quarter. Transcendent Capital Group LLC now owns 3,155 shares of the company’s stock valued at $80,000 after acquiring an additional 750 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter worth approximately $146,000.

SPDR Portfolio TIPS ETF Stock Performance

Shares of SPIP opened at $25.79 on Thursday. The firm has a 50 day moving average price of $25.86 and a 200-day moving average price of $25.77. SPDR Portfolio TIPS ETF has a fifty-two week low of $25.18 and a fifty-two week high of $26.47.

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.