SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Large Volume Increase – Still a Buy?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw an uptick in trading volume on Thursday . 916,647 shares were traded during trading, an increase of 195% from the previous session’s volume of 310,206 shares.The stock last traded at $25.69 and had previously closed at $25.61.

SPDR Portfolio TIPS ETF Stock Up 0.4%

The firm’s 50 day moving average is $26.00 and its two-hundred day moving average is $26.07.

Institutional Trading of SPDR Portfolio TIPS ETF

Hedge funds have recently bought and sold shares of the company. CIBC Private Wealth Group LLC raised its holdings in 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 acquiring an additional 563 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of SPDR Portfolio TIPS ETF during the fourth quarter worth $38,000. Park National Corp OH purchased a new stake in shares of SPDR Portfolio TIPS ETF in the first quarter valued at $69,000. Western Wealth Management LLC acquired a new position in SPDR Portfolio TIPS ETF in the first quarter valued at $92,000. Finally, Smartleaf Asset Management LLC increased its stake in SPDR Portfolio TIPS ETF by 43.6% in the third 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 last quarter.

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.