Hughes Financial Services LLC Has $17.11 Million Position in SPDR Portfolio TIPS ETF $SPIP

Hughes Financial Services LLC boosted its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 652,659 shares of the company’s stock after buying an additional 21,823 shares during the period. SPDR Portfolio TIPS ETF makes up 2.7% of Hughes Financial Services LLC’s holdings, making the stock its 9th biggest holding. Hughes Financial Services LLC’s holdings in SPDR Portfolio TIPS ETF were worth $17,113,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of SPDR Portfolio TIPS ETF by 114.9% during the 2nd quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after acquiring an additional 2,022,696 shares during the period. CWM LLC lifted its position in SPDR Portfolio TIPS ETF by 16.9% in the 3rd quarter. CWM LLC now owns 3,541,271 shares of the company’s stock valued at $93,189,000 after acquiring an additional 512,866 shares in the last quarter. Procyon Advisors LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the third quarter valued at approximately $5,080,000. SeaBridge Investment Advisors LLC boosted its holdings in SPDR Portfolio TIPS ETF by 82.8% during the 3rd quarter. SeaBridge Investment Advisors LLC now owns 295,385 shares of the company’s stock worth $7,773,000 after acquiring an additional 133,799 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in SPDR Portfolio TIPS ETF during the third quarter worth about $3,414,000.

SPDR Portfolio TIPS ETF Stock Down 0.2%

SPIP stock opened at $26.10 on Monday. The business has a 50 day moving average of $26.14 and a 200-day moving average of $26.21. SPDR Portfolio TIPS ETF has a 12-month low of $25.22 and a 12-month 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. Investors of record on Monday, March 2nd were given a dividend of $0.0106 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 0.5%.

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.