SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Large Volume Increase – Here’s Why

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw strong trading volume on Friday . 339,607 shares changed hands during mid-day trading, an increase of 47% from the previous session’s volume of 230,635 shares.The stock last traded at $26.13 and had previously closed at $26.04.

SPDR Portfolio TIPS ETF Price Performance

The company’s 50-day moving average price is $25.58 and its two-hundred day moving average price is $25.78.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Hedge funds have recently bought and sold shares of the business. Morgan Dempsey Capital Management LLC bought a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth about $25,000. Realta Investment Advisors bought a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth about $26,000. Blue Trust Inc. bought a new position in SPDR Portfolio TIPS ETF during the fourth quarter worth about $27,000. Transcendent Capital Group LLC increased its position in SPDR Portfolio TIPS ETF by 31.2% during the fourth quarter. Transcendent Capital Group LLC now owns 3,155 shares of the company’s stock worth $80,000 after acquiring an additional 750 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $146,000.

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.