Global Retirement Partners LLC Makes New $415,000 Investment in SPDR Portfolio TIPS ETF $SPIP

Global Retirement Partners LLC purchased a new position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,942 shares of the company’s stock, valued at approximately $415,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPIP. Cetera Investment Advisers lifted its position in SPDR Portfolio TIPS ETF by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 79,673 shares of the company’s stock worth $2,102,000 after buying an additional 2,029 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 854.3% during the second quarter. AE Wealth Management LLC now owns 8,388 shares of the company’s stock worth $219,000 after acquiring an additional 7,509 shares in the last quarter. Fulton Breakefield Broenniman LLC lifted its holdings in shares of SPDR Portfolio TIPS ETF by 1.3% in the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 145,800 shares of the company’s stock worth $3,800,000 after acquiring an additional 1,832 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of SPDR Portfolio TIPS ETF by 80.9% in the 1st quarter. TIAA Trust National Association now owns 277,765 shares of the company’s stock worth $7,327,000 after acquiring an additional 124,205 shares during the last quarter. Finally, Barnes Wealth Management Group Inc purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter valued at $329,000.

SPDR Portfolio TIPS ETF Stock Down 0.2%

SPIP stock opened at $26.30 on Friday. The firm’s fifty day moving average is $26.32 and its 200 day moving average is $26.11. SPDR Portfolio TIPS ETF has a 52 week low of $25.19 and a 52 week high of $26.58.

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.