Gerber Kawasaki Wealth & Investment Management Increases Stake in SPDR Portfolio TIPS ETF $SPIP

Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 356.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,600 shares of the company’s stock after purchasing an additional 41,082 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 0.14% of SPDR Portfolio TIPS ETF worth $1,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPIP. Simplex Trading LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the second quarter valued at approximately $31,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter valued at approximately $45,000. Beacon Capital Management Inc. bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth approximately $54,000. Smartleaf Asset Management LLC boosted its holdings in SPDR Portfolio TIPS ETF by 43.6% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after buying an additional 1,127 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in SPDR Portfolio TIPS ETF by 11.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,671 shares of the company’s stock valued at $122,000 after buying an additional 471 shares in the last quarter.

SPDR Portfolio TIPS ETF Price Performance

Shares of SPIP stock opened at $26.32 on Tuesday. The company’s fifty day simple moving average is $26.13 and its two-hundred day simple moving average is $26.21. SPDR Portfolio TIPS ETF has a 1 year low of $25.22 and a 1 year high of $26.58.

SPDR Portfolio TIPS ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.0106 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.5%.

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.