Gries Financial LLC Grows Stock Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Gries Financial LLC grew its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,077 shares of the company’s stock after buying an additional 1,654 shares during the period. Gries Financial LLC owned 0.24% of SPDR Portfolio TIPS ETF worth $3,002,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mosley Wealth Management purchased a new stake in shares of SPDR Portfolio TIPS ETF during the fourth quarter worth $8,950,000. Lincoln National Corp increased its position in shares of SPDR Portfolio TIPS ETF by 3.2% during the first quarter. Lincoln National Corp now owns 8,350,188 shares of the company’s stock valued at $213,932,000 after buying an additional 258,667 shares during the period. Valtinson Bruner Financial Planning LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 62.2% in the first quarter. Valtinson Bruner Financial Planning LLC now owns 599,926 shares of the company’s stock valued at $15,370,000 after acquiring an additional 230,125 shares during the period. Integrity Wealth Solutions LLC bought a new position in SPDR Portfolio TIPS ETF in the 4th quarter valued at $4,253,000. Finally, Great Valley Advisor Group Inc. increased its position in shares of SPDR Portfolio TIPS ETF by 12.8% in the second quarter. Great Valley Advisor Group Inc. now owns 1,343,133 shares of the company’s stock worth $34,143,000 after purchasing an additional 152,806 shares during the last quarter.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA:SPIP traded up $0.02 during trading hours on Wednesday, reaching $25.98. The company’s stock had a trading volume of 53,169 shares, compared to its average volume of 269,846. The firm has a 50-day simple moving average of $25.66 and a 200-day simple moving average of $25.49. SPDR Portfolio TIPS ETF has a 1 year low of $24.33 and a 1 year high of $26.09.

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.