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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw unusually-high trading volume on Friday . Approximately 617,333 shares changed hands during mid-day trading, an increase of 148% from the previous session’s volume of 248,638 shares.The stock last traded at $26.13 and had previously closed at $26.17.

SPDR Portfolio TIPS ETF Price Performance

The stock has a 50 day moving average price of $26.14 and a 200 day moving average price of $26.15.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 69.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after purchasing 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 in the 4th quarter valued at approximately $38,000. Park National Corp OH purchased a new position in shares of SPDR Portfolio TIPS ETF in the 1st quarter valued at approximately $69,000. Smartleaf Asset Management LLC lifted its stake in shares of 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 valued at $98,000 after purchasing an additional 1,127 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of SPDR Portfolio TIPS ETF in the 4th quarter valued at approximately $106,000.

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.