Modera Wealth Management LLC Purchases 30,245 Shares of SPDR Portfolio TIPS ETF $SPIP

Modera Wealth Management LLC acquired a new position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 30,245 shares of the company’s stock, valued at approximately $737,000.

A number of other institutional investors have also added to or reduced their stakes in the company. ERn Financial LLC purchased a new position in SPDR Portfolio TIPS ETF during the third quarter valued at $9,588,000. Flagship Harbor Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $9,539,000. Aquire Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $4,967,000. State Street Corp boosted its holdings in shares of SPDR Portfolio TIPS ETF by 5.4% during the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock valued at $99,367,000 after buying an additional 197,597 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in shares of SPDR Portfolio TIPS ETF by 104.8% in the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock worth $7,752,000 after buying an additional 152,531 shares during the period.

SPDR Portfolio TIPS ETF Stock Down 0.6%

NYSEARCA:SPIP opened at $24.83 on Tuesday. The firm’s 50-day moving average price is $24.75 and its 200-day moving average price is $25.56. SPDR Portfolio TIPS ETF has a 1-year low of $24.28 and a 1-year high of $26.45.

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.