SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) shares 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 Trading Down 0.1%
The stock’s fifty day simple moving average is $25.31 and its 200-day simple moving average is $25.80.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beacon Financial Strategies CORP acquired a new position in SPDR Portfolio TIPS ETF during the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC raised its stake 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 buying an additional 563 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at $38,000. Park National Corp OH purchased a new stake in SPDR Portfolio TIPS ETF during the 1st quarter worth about $69,000. Finally, Western Wealth Management LLC acquired a new position in shares of SPDR Portfolio TIPS ETF during the 1st quarter worth about $92,000.
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.
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