SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Strong Trading Volume – Here’s What Happened

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw strong trading volume on Friday . 390,620 shares were traded during trading, an increase of 34% from the previous session’s volume of 292,170 shares.The stock last traded at $25.66 and had previously closed at $25.75.

SPDR Portfolio TIPS ETF Stock Performance

The company has a 50 day moving average price of $26.01 and a 200-day moving average price of $26.08.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several hedge funds have recently made changes to their positions in SPIP. CIBC Private Wealth Group LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 69.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after buying an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the fourth quarter valued at approximately $38,000. Park National Corp OH purchased a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at approximately $69,000. Western Wealth Management LLC purchased a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at approximately $92,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of SPDR Portfolio TIPS ETF by 43.6% during the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock valued at $98,000 after buying an additional 1,127 shares during the period.

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.