SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw strong trading volume on Wednesday . 529,152 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 327,149 shares.The stock last traded at $25.19 and had previously closed at $25.22.

SPDR Portfolio TIPS ETF Stock Down 0.0%

The company’s fifty day simple moving average is $25.29 and its 200-day simple moving average is $25.78.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of hedge funds have recently modified their holdings of the stock. Beacon Financial Strategies CORP bought a new position in shares of SPDR Portfolio TIPS ETF during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC grew its position in SPDR Portfolio TIPS ETF by 69.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after acquiring an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth $38,000. Park National Corp OH acquired a new position in SPDR Portfolio TIPS ETF during the first quarter worth $69,000. Finally, Western Wealth Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at $92,000.

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.