SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw unusually-strong trading volume on Friday . Approximately 390,620 shares were traded during trading, an increase of 34% from the previous session’s volume of 292,170 shares.The stock last traded at $25.66 and had previously closed at $25.75.

SPDR Portfolio TIPS ETF Price Performance

The company has a 50-day simple moving average of $26.02 and a 200 day simple moving average of $26.08.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPIP. State Street Corp grew its holdings in shares of SPDR Portfolio TIPS ETF by 114.9% in the second quarter. State Street Corp now owns 3,783,799 shares of the company’s stock worth $98,606,000 after purchasing an additional 2,022,696 shares during the last quarter. CWM LLC lifted its holdings in SPDR Portfolio TIPS ETF by 15.4% during the 4th quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after buying an additional 543,940 shares in the last quarter. Private Advisor Group LLC boosted its position in 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 buying an additional 152,531 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in SPDR Portfolio TIPS ETF in the 3rd quarter valued at about $3,414,000. Finally, PFG Private Wealth Management LLC bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $2,656,000.

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.