Nwam LLC Invests $227,000 in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Nwam LLC purchased a new position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,648 shares of the company’s stock, valued at approximately $227,000.

Other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in SPDR Portfolio TIPS ETF by 8.6% in the first quarter. Advisors Asset Management Inc. now owns 14,367 shares of the company’s stock valued at $368,000 after purchasing an additional 1,140 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in SPDR Portfolio TIPS ETF during the 1st quarter valued at about $205,000. Comerica Bank raised its position in SPDR Portfolio TIPS ETF by 755.4% during the first quarter. Comerica Bank now owns 31,891 shares of the company’s stock worth $817,000 after acquiring an additional 28,163 shares during the last quarter. Aspect Partners LLC lifted its holdings in shares of SPDR Portfolio TIPS ETF by 12.5% in the first quarter. Aspect Partners LLC now owns 39,303 shares of the company’s stock valued at $1,007,000 after purchasing an additional 4,369 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of SPDR Portfolio TIPS ETF by 147.9% in the first quarter. Cetera Investment Advisers now owns 80,485 shares of the company’s stock valued at $2,062,000 after purchasing an additional 48,018 shares during the last quarter.

SPDR Portfolio TIPS ETF Price Performance

Shares of SPIP opened at $25.77 on Tuesday. SPDR Portfolio TIPS ETF has a 1-year low of $24.94 and a 1-year high of $26.43. The firm has a 50 day simple moving average of $25.92 and a 200-day simple moving average of $25.72.

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.