Raymond James Financial Inc. Invests $5.16 Million in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Raymond James Financial Inc. bought a new position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 204,026 shares of the company’s stock, valued at approximately $5,164,000. Raymond James Financial Inc. owned approximately 0.41% of SPDR Portfolio TIPS ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Advisory Solutions LLC lifted its position in SPDR Portfolio TIPS ETF by 1.9% in the 4th quarter. Wealth Advisory Solutions LLC now owns 40,475 shares of the company’s stock valued at $1,024,000 after acquiring an additional 766 shares in the last quarter. Keybank National Association OH boosted its holdings in SPDR Portfolio TIPS ETF by 5.7% during the fourth quarter. Keybank National Association OH now owns 10,023 shares of the company’s stock worth $254,000 after purchasing an additional 540 shares during the last quarter. Jones Financial Companies Lllp increased its stake in SPDR Portfolio TIPS ETF by 11.2% in the 4th quarter. Jones Financial Companies Lllp now owns 6,090 shares of the company’s stock valued at $154,000 after buying an additional 612 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth $308,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 4th quarter valued at $25,000.

SPDR Portfolio TIPS ETF Trading Up 0.2 %

NYSEARCA SPIP opened at $26.10 on Wednesday. The business’s fifty day moving average is $25.85 and its 200-day moving average is $25.80. SPDR Portfolio TIPS ETF has a one year low of $24.94 and a one year high of $26.44.

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.