Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) saw unusually-strong trading volume on Friday. Approximately 483,257 shares traded hands during trading, an increase of 31% from the previous session’s volume of 370,242 shares. The stock last traded at $24.4150 and had previously closed at $24.46.
SPDR Portfolio TIPS ETF Stock Down 0.1%
The business has a 50 day moving average price of $24.87 and a 200 day moving average price of $25.46.
Institutional Investors Weigh In On SPDR Portfolio TIPS ETF
Large investors have recently modified their holdings of the business. State Street Corp lifted its holdings in shares of SPDR Portfolio TIPS ETF by 5.4% in the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock valued at $99,367,000 after buying an additional 197,597 shares during the period. Private Advisor Group LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 104.8% in the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock valued at $7,752,000 after purchasing an additional 152,531 shares during the period. Hughes Financial Services LLC increased its holdings in SPDR Portfolio TIPS ETF by 9.6% in the fourth quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock valued at $18,570,000 after buying an additional 62,930 shares in the last quarter. CFS Investment Advisory Services LLC acquired a new position in shares of SPDR Portfolio TIPS ETF in the first quarter worth about $1,615,000. Finally, SigFig Wealth Management LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth about $1,355,000.
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.
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