Bank of America Corp DE Purchases 478,559 Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)

Bank of America Corp DE increased its position in SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) by 68.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,181,354 shares of the company’s stock after buying an additional 478,559 shares during the quarter. Bank of America Corp DE’s holdings in SPDR Portfolio TIPS ETF were worth $29,900,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPIP. LPL Financial LLC lifted its position in SPDR Portfolio TIPS ETF by 9.5% in the fourth quarter. LPL Financial LLC now owns 1,549,007 shares of the company’s stock valued at $39,205,000 after purchasing an additional 134,776 shares during the last quarter. Cerity Partners LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 0.8% during the fourth quarter. Cerity Partners LLC now owns 895,945 shares of the company’s stock valued at $22,676,000 after buying an additional 7,150 shares during the period. 3EDGE Asset Management LP purchased a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $19,816,000. Cannon Financial Strategists Inc. increased its stake in shares of SPDR Portfolio TIPS ETF by 7.6% during the fourth quarter. Cannon Financial Strategists Inc. now owns 772,291 shares of the company’s stock valued at $19,547,000 after buying an additional 54,512 shares during the period. Finally, Hughes Financial Services LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $14,425,000.

SPDR Portfolio TIPS ETF Price Performance

SPIP opened at $25.79 on Friday. SPDR Portfolio TIPS ETF has a 52-week low of $25.15 and a 52-week high of $26.47. The stock’s 50 day moving average price is $25.95 and its 200-day moving average price is $25.76.

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.