Cannon Financial Strategists Inc. Has $19.55 Million Stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Cannon Financial Strategists Inc. lifted its position in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 772,291 shares of the company’s stock after acquiring an additional 54,512 shares during the quarter. SPDR Portfolio TIPS ETF makes up about 3.4% of Cannon Financial Strategists Inc.’s investment portfolio, making the stock its 9th largest position. Cannon Financial Strategists Inc. owned approximately 1.56% of SPDR Portfolio TIPS ETF worth $19,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Realta Investment Advisors bought a new stake in shares of SPDR Portfolio TIPS ETF during the fourth quarter worth $26,000. Blue Trust Inc. bought a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $27,000. Golden State Wealth Management LLC bought a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $146,000. Allworth Financial LP increased its holdings in SPDR Portfolio TIPS ETF by 106.9% in the fourth quarter. Allworth Financial LP now owns 8,205 shares of the company’s stock valued at $209,000 after purchasing an additional 4,240 shares during the last quarter. Finally, Kwmg LLC bought a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $223,000.

SPDR Portfolio TIPS ETF Trading Down 0.3 %

NYSEARCA SPIP opened at $25.74 on Wednesday. The stock has a 50-day simple moving average of $25.51 and a 200 day simple moving average of $25.77. SPDR Portfolio TIPS ETF has a 12 month low of $24.94 and a 12 month high of $26.43.

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.