SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw strong trading volume on Thursday . 301,623 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 259,237 shares.The stock last traded at $26.08 and had previously closed at $26.09.

SPDR Portfolio TIPS ETF Stock Up 0.3%

The business’s 50 day moving average price is $26.13 and its 200-day moving average price is $26.14.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC increased its stake in SPDR Portfolio TIPS ETF by 69.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock worth $36,000 after buying an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $38,000. Park National Corp OH purchased a new stake in SPDR Portfolio TIPS ETF during the 1st quarter worth approximately $69,000. Smartleaf Asset Management LLC increased its stake in SPDR Portfolio TIPS ETF by 43.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock worth $98,000 after buying an additional 1,127 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $106,000.

About SPDR Portfolio TIPS ETF

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.