City State Bank Boosts Position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

City State Bank raised its stake in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 1.8% in the third quarter, Holdings Channel reports. The institutional investor owned 45,551 shares of the company’s stock after buying an additional 796 shares during the quarter. City State Bank’s holdings in SPDR Portfolio TIPS ETF were worth $1,197,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in SPIP. Cannon Financial Strategists Inc. purchased a new position in SPDR Portfolio TIPS ETF during the 2nd quarter valued at about $18,270,000. Lincoln National Corp grew its holdings in SPDR Portfolio TIPS ETF by 3.2% during the 1st 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 in the last quarter. Valtinson Bruner Financial Planning LLC grew its holdings in SPDR Portfolio TIPS ETF by 62.2% during the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 599,926 shares of the company’s stock valued at $15,370,000 after buying an additional 230,125 shares in the last quarter. Great Valley Advisor Group Inc. grew its holdings in SPDR Portfolio TIPS ETF by 12.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 1,343,133 shares of the company’s stock valued at $34,143,000 after buying an additional 152,806 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 119.0% during the 2nd quarter. NewEdge Advisors LLC now owns 207,254 shares of the company’s stock valued at $5,268,000 after acquiring an additional 112,599 shares during the last quarter.

SPDR Portfolio TIPS ETF Trading Down 0.1 %

Shares of SPIP opened at $26.02 on Friday. The stock has a 50-day moving average price of $26.05 and a 200-day moving average price of $25.61. SPDR Portfolio TIPS ETF has a 12-month low of $24.43 and a 12-month 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.