SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) is Hughes Financial Services LLC’s 9th Largest Position

Hughes Financial Services LLC boosted its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,581 shares of the company’s stock after acquiring an additional 24,635 shares during the period. SPDR Portfolio TIPS ETF accounts for about 3.0% of Hughes Financial Services LLC’s holdings, making the stock its 9th biggest position. Hughes Financial Services LLC owned 1.57% of SPDR Portfolio TIPS ETF worth $15,572,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Realta Investment Advisors grew its stake in SPDR Portfolio TIPS ETF by 60.7% during the first quarter. Realta Investment Advisors now owns 1,671 shares of the company’s stock valued at $44,000 after acquiring an additional 631 shares in the last quarter. Private Trust Co. NA grew its stake in SPDR Portfolio TIPS ETF by 35.4% during the first quarter. Private Trust Co. NA now owns 3,073 shares of the company’s stock valued at $81,000 after acquiring an additional 804 shares in the last quarter. Rossby Financial LCC purchased a new position in SPDR Portfolio TIPS ETF during the first quarter valued at approximately $110,000. Jones Financial Companies Lllp grew its stake in SPDR Portfolio TIPS ETF by 11.2% during the fourth quarter. Jones Financial Companies Lllp now owns 6,090 shares of the company’s stock valued at $154,000 after acquiring an additional 612 shares in the last quarter. Finally, Prosperity Planning Inc. purchased a new position in SPDR Portfolio TIPS ETF during the first quarter valued at approximately $206,000.

SPDR Portfolio TIPS ETF Stock Down 0.3%

Shares of NYSEARCA:SPIP opened at $25.87 on Friday. The company has a 50 day moving average of $25.81 and a 200 day moving average of $25.81. SPDR Portfolio TIPS ETF has a 12 month low of $25.19 and a 12 month high of $26.47.

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.