SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) shares saw strong trading volume on Friday. Approximately 771,337 shares traded hands during mid-day trading, an increase of 119% from the previous session’s volume of 351,854 shares. The stock last traded at $24.4650 and had previously closed at $24.44.
SPDR Portfolio TIPS ETF Stock Up 0.1%
The business’s 50 day moving average is $25.05 and its 200-day moving average is $25.59.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its position in shares of SPDR Portfolio TIPS ETF by 5.4% during the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after buying an additional 197,597 shares during the period. Hughes Financial Services LLC raised its stake in SPDR Portfolio TIPS ETF by 9.6% during the fourth quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock worth $18,570,000 after acquiring an additional 62,930 shares in the last quarter. Private Advisor Group LLC boosted 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 in the last quarter. IFG Advisory LLC boosted its stake in shares of SPDR Portfolio TIPS ETF by 6.1% in the 4th quarter. IFG Advisory LLC now owns 202,235 shares of the company’s stock valued at $5,248,000 after purchasing an additional 11,654 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of SPDR Portfolio TIPS ETF by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 128,641 shares of the company’s stock worth $3,346,000 after purchasing an additional 1,680 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.
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