ERn Financial LLC Increases Stake in SPDR Portfolio TIPS ETF $SPIP

ERn Financial LLC increased its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 345,832 shares of the company’s stock after purchasing an additional 35,433 shares during the period. SPDR Portfolio TIPS ETF makes up 1.7% of ERn Financial LLC’s portfolio, making the stock its 18th largest holding. ERn Financial LLC owned about 0.93% of SPDR Portfolio TIPS ETF worth $8,974,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake in SPDR Portfolio TIPS ETF by 69.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock worth $36,000 after purchasing an additional 563 shares during the last quarter. Beacon Capital Management Inc. bought a new position in shares of SPDR Portfolio TIPS ETF during the second quarter valued at approximately $54,000. Smartleaf Asset Management LLC raised its holdings in shares of SPDR Portfolio TIPS ETF by 43.6% in the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after buying an additional 1,127 shares during the period. ORG Partners LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF in the third quarter worth approximately $141,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of SPDR Portfolio TIPS ETF by 36.5% during the 1st quarter. Jones Financial Companies Lllp now owns 8,310 shares of the company’s stock worth $219,000 after acquiring an additional 2,220 shares during the last quarter.

SPDR Portfolio TIPS ETF Stock Performance

SPIP opened at $26.01 on Wednesday. The business has a fifty day moving average of $26.15 and a 200 day moving average of $26.18. SPDR Portfolio TIPS ETF has a 52-week low of $25.22 and a 52-week high of $26.58.

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.