Ascent Group LLC Acquires 25,061 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Ascent Group LLC boosted its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 49.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,505 shares of the company’s stock after purchasing an additional 25,061 shares during the quarter. Ascent Group LLC’s holdings in SPDR Portfolio TIPS ETF were worth $1,919,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. 1620 Investment Advisors Inc. acquired a new position in SPDR Portfolio TIPS ETF in the 2nd quarter valued at approximately $26,000. Farmers & Merchants Investments Inc. acquired a new position in shares of SPDR Portfolio TIPS ETF in the second quarter valued at $31,000. Vima LLC bought a new position in SPDR Portfolio TIPS ETF in the fourth quarter worth $39,000. Transcendent Capital Group LLC acquired a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth $61,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in SPDR Portfolio TIPS ETF in the 1st quarter valued at $205,000.

SPDR Portfolio TIPS ETF Stock Up 0.3 %

NYSEARCA:SPIP opened at $26.30 on Monday. The company has a 50-day moving average of $25.94 and a 200-day moving average of $25.57. SPDR Portfolio TIPS ETF has a 52 week low of $24.33 and a 52 week high of $26.43.

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.