SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week High at $26.05

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) hit a new 52-week high on Friday . The company traded as high as $26.05 and last traded at $26.02, with a volume of 19973 shares. The stock had previously closed at $25.77.

SPDR Portfolio TIPS ETF Stock Up 0.9 %

The business has a 50 day moving average price of $25.59 and a two-hundred day moving average price of $25.46.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors have recently bought and sold shares of SPIP. 1620 Investment Advisors Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF in the second quarter worth $26,000. Farmers & Merchants Investments Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the second quarter valued at about $31,000. Vima LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at about $39,000. Transcendent Capital Group LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at about $61,000. Finally, Principal Securities Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at about $73,000.

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.