Foundations Investment Advisors LLC Makes New Investment in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Foundations Investment Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the 4th quarter, HoldingsChannel.com reports. The fund bought 21,886 shares of the company’s stock, valued at approximately $554,000.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth $164,000. Prosperity Planning Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the third quarter valued at about $206,000. Charles Schwab Trust Co bought a new position in shares of SPDR Portfolio TIPS ETF during the third quarter valued at about $218,000. Nwam LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the third quarter worth about $227,000. Finally, Kwmg LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $223,000.

SPDR Portfolio TIPS ETF Stock Up 0.0 %

SPIP opened at $25.64 on Friday. SPDR Portfolio TIPS ETF has a one year low of $24.94 and a one year high of $26.43. The business has a 50 day simple moving average of $25.51 and a two-hundred day simple moving average of $25.75.

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.