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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw strong trading volume on Friday . 390,620 shares changed hands 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 Stock Performance

The firm has a fifty day simple moving average of $26.02 and a two-hundred day simple moving average of $26.08.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Institutional investors have recently added to or reduced their stakes in the company. ERn Financial LLC grew its holdings in SPDR Portfolio TIPS ETF by 11.4% during the 4th quarter. ERn Financial LLC now owns 345,832 shares of the company’s stock valued at $8,974,000 after buying an additional 35,433 shares in the last quarter. CWM LLC grew 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. JPMorgan Chase & Co. grew its holdings in SPDR Portfolio TIPS ETF by 7,732.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,300 shares of the company’s stock valued at $666,000 after buying an additional 24,977 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in SPDR Portfolio TIPS ETF by 356.7% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 52,600 shares of the company’s stock valued at $1,384,000 after buying an additional 41,082 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 337.2% in the 4th quarter. Sanctuary Advisors LLC now owns 33,415 shares of the company’s stock valued at $867,000 after purchasing an additional 25,772 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.