HighTower Advisors LLC Purchases Shares of 17,510 SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

HighTower Advisors LLC acquired a new position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,510 shares of the company’s stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morgan Dempsey Capital Management LLC bought a new stake in SPDR Portfolio TIPS ETF in the fourth quarter worth $25,000. Realta Investment Advisors purchased a new position in shares of SPDR Portfolio TIPS ETF in the 4th quarter worth $26,000. Blue Trust Inc. bought a new stake in shares of SPDR Portfolio TIPS ETF in the 4th quarter worth about $27,000. Transcendent Capital Group LLC raised its position in shares of SPDR Portfolio TIPS ETF by 31.2% during the 4th quarter. Transcendent Capital Group LLC now owns 3,155 shares of the company’s stock valued at $80,000 after buying an additional 750 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF in the 4th quarter valued at about $146,000.

SPDR Portfolio TIPS ETF Trading Up 0.5 %

SPIP opened at $26.27 on Monday. The stock has a 50-day moving average of $25.89 and a 200 day moving average of $25.80. SPDR Portfolio TIPS ETF has a 12 month low of $24.94 and a 12 month high of $26.44.

About SPDR Portfolio TIPS ETF

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.