3EDGE Asset Management LP Takes $19.82 Million Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

3EDGE Asset Management LP bought a new position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the 4th quarter, Holdings Channel reports. The fund bought 782,945 shares of the company’s stock, valued at approximately $19,816,000. SPDR Portfolio TIPS ETF accounts for about 1.2% of 3EDGE Asset Management LP’s portfolio, making the stock its 16th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp grew its holdings in SPDR Portfolio TIPS ETF by 1.5% during the 4th quarter. Truist Financial Corp now owns 137,499 shares of the company’s stock valued at $3,480,000 after buying an additional 2,023 shares in the last quarter. Allworth Financial LP boosted its position in shares of SPDR Portfolio TIPS ETF by 106.9% during the 4th quarter. Allworth Financial LP now owns 8,205 shares of the company’s stock valued at $209,000 after acquiring an additional 4,240 shares during the last quarter. Blue Trust Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter valued at $27,000. Realta Investment Advisors bought a new stake in SPDR Portfolio TIPS ETF in the fourth quarter worth $26,000. Finally, Golden State Wealth Management LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at $146,000.

SPDR Portfolio TIPS ETF Trading Down 0.3 %

SPIP stock opened at $25.74 on Wednesday. The company has a fifty day simple moving average of $25.51 and a two-hundred day simple moving average of $25.77. SPDR Portfolio TIPS ETF has a 52 week low of $24.94 and a 52 week high of $26.43.

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.