Verde Capital Management Grows Holdings in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Verde Capital Management increased its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 108,375 shares of the company’s stock after acquiring an additional 9,697 shares during the period. SPDR Portfolio TIPS ETF comprises about 0.8% of Verde Capital Management’s holdings, making the stock its 24th biggest position. Verde Capital Management’s holdings in SPDR Portfolio TIPS ETF were worth $2,743,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPIP. Bank of Montreal Can grew its holdings in SPDR Portfolio TIPS ETF by 4.2% in the 2nd quarter. Bank of Montreal Can now owns 456,947 shares of the company’s stock valued at $11,675,000 after buying an additional 18,600 shares during the period. Ascent Group LLC grew its stake in shares of SPDR Portfolio TIPS ETF by 49.7% during the 2nd quarter. Ascent Group LLC now owns 75,505 shares of the company’s stock valued at $1,919,000 after buying an additional 25,061 shares during the period. Creative Planning increased its holdings in shares of SPDR Portfolio TIPS ETF by 6.1% during the 2nd quarter. Creative Planning now owns 26,797 shares of the company’s stock worth $681,000 after buying an additional 1,538 shares during the last quarter. NewEdge Advisors LLC increased its holdings 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 worth $5,268,000 after buying an additional 112,599 shares during the last quarter. Finally, Cannon Financial Strategists Inc. acquired a new stake in SPDR Portfolio TIPS ETF during the 2nd quarter worth approximately $18,270,000.

SPDR Portfolio TIPS ETF Price Performance

Shares of SPIP stock opened at $25.48 on Friday. The company’s fifty day simple moving average is $25.51 and its 200-day simple moving average is $25.75. SPDR Portfolio TIPS ETF has a 52 week low of $24.94 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.