SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week High – What’s Next?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $26.50 and last traded at $26.47, with a volume of 85026 shares traded. The stock had previously closed at $26.45.

SPDR Portfolio TIPS ETF Price Performance

The stock has a 50 day simple moving average of $26.13 and a 200 day simple moving average of $25.98.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of large investors have recently bought and sold shares of the stock. CWM LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 8,652.4% during the first quarter. CWM LLC now owns 2,738,009 shares of the company’s stock valued at $72,229,000 after purchasing an additional 2,706,726 shares in the last quarter. State Street Corp boosted its position in shares of SPDR Portfolio TIPS ETF by 114.9% during the second quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after purchasing an additional 2,022,696 shares in the last quarter. Silver Oak Securities Incorporated boosted its position in shares of SPDR Portfolio TIPS ETF by 11,131.4% during the first quarter. Silver Oak Securities Incorporated now owns 1,269,151 shares of the company’s stock valued at $33,480,000 after purchasing an additional 1,257,851 shares in the last quarter. 3EDGE Asset Management LP boosted its position in shares of SPDR Portfolio TIPS ETF by 76.1% during the first quarter. 3EDGE Asset Management LP now owns 1,379,050 shares of the company’s stock valued at $36,228,000 after purchasing an additional 596,105 shares in the last quarter. Finally, ACT Advisors LLC. bought a new stake in shares of SPDR Portfolio TIPS ETF during the first quarter valued at approximately $7,623,000.

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.