Thrivent Financial for Lutherans Boosts Stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Thrivent Financial for Lutherans increased its stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Rating) by 506.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 57,896 shares of the company’s stock after purchasing an additional 48,349 shares during the quarter. Thrivent Financial for Lutherans’ holdings in SPDR Portfolio TIPS ETF were worth $1,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Simplex Trading LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth $43,000. Captrust Financial Advisors lifted its position in shares of SPDR Portfolio TIPS ETF by 103.3% in the second quarter. Captrust Financial Advisors now owns 3,871 shares of the company’s stock valued at $107,000 after acquiring an additional 1,967 shares in the last quarter. WFA of San Diego LLC bought a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $120,000. US Bancorp DE grew its position in shares of SPDR Portfolio TIPS ETF by 193.7% during the first quarter. US Bancorp DE now owns 5,146 shares of the company’s stock worth $156,000 after purchasing an additional 3,394 shares in the last quarter. Finally, FMR LLC raised its stake in SPDR Portfolio TIPS ETF by 16.3% during the 2nd quarter. FMR LLC now owns 6,002 shares of the company’s stock valued at $165,000 after purchasing an additional 840 shares during the period.

SPDR Portfolio TIPS ETF Price Performance

NYSEARCA SPIP opened at $26.01 on Monday. SPDR Portfolio TIPS ETF has a 12 month low of $25.28 and a 12 month high of $29.01. The stock’s 50 day moving average is $26.39 and its 200 day moving average is $26.15.

About SPDR Portfolio TIPS ETF

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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.