24,037 Shares in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 24,037 shares of the company’s stock, valued at approximately $615,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Willow Creek Wealth Management Inc. lifted its position in SPDR Portfolio TIPS ETF by 7.0% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 522,255 shares of the company’s stock valued at $12,973,000 after purchasing an additional 34,328 shares during the period. Charles Schwab Investment Management Inc. acquired a new position in SPDR Portfolio TIPS ETF during the 3rd quarter valued at about $11,574,000. TIAA Trust National Association acquired a new position in SPDR Portfolio TIPS ETF during the 3rd quarter valued at about $8,348,000. Rinkey Investments lifted its position in SPDR Portfolio TIPS ETF by 11.8% during the 3rd quarter. Rinkey Investments now owns 325,611 shares of the company’s stock valued at $8,088,000 after purchasing an additional 34,313 shares during the period. Finally, Cape Cod Five Cents Savings Bank lifted its position in SPDR Portfolio TIPS ETF by 63.2% during the 3rd quarter. Cape Cod Five Cents Savings Bank now owns 268,220 shares of the company’s stock valued at $6,663,000 after purchasing an additional 103,823 shares during the period.

SPDR Portfolio TIPS ETF Stock Performance

SPDR Portfolio TIPS ETF stock opened at $25.15 on Thursday. SPDR Portfolio TIPS ETF has a 1 year low of $24.33 and a 1 year high of $26.65. The company’s 50-day moving average is $25.45 and its two-hundred day moving average is $25.33.

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.