70,227 Shares of SPDR Portfolio TIPS ETF $SPIP Acquired by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management purchased a new stake in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) during the third quarter, HoldingsChannel.com reports. The firm purchased 70,227 shares of the company’s stock, valued at approximately $1,711,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp lifted its position in SPDR Portfolio TIPS ETF by 5.4% during the second quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after acquiring an additional 197,597 shares during the last quarter. Willow Creek Wealth Management Inc. grew its holdings in SPDR Portfolio TIPS ETF by 15.6% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 792,541 shares of the company’s stock valued at $19,314,000 after buying an additional 106,665 shares in the last quarter. ERn Financial LLC acquired a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $9,588,000. Flagship Harbor Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the third quarter valued at approximately $9,539,000. Finally, Aquire Wealth Advisors LLC acquired a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth $4,967,000.

SPDR Portfolio TIPS ETF Price Performance

Shares of NYSEARCA:SPIP opened at $24.78 on Wednesday. SPDR Portfolio TIPS ETF has a 1 year low of $24.28 and a 1 year high of $26.45. The company’s 50 day simple moving average is $24.75 and its 200 day simple moving average is $25.55.

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.