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

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw unusually-strong trading volume on Friday. Approximately 483,257 shares were traded during mid-day trading, an increase of 31% from the previous session’s volume of 370,242 shares. The stock last traded at $24.4150 and had previously closed at $24.46.

SPDR Portfolio TIPS ETF Trading Down 0.1%

The company has a fifty day moving average price of $24.87 and a two-hundred day moving average price of $25.46.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Beacon Financial Strategies CORP bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth approximately $32,000. Park National Corp OH purchased a new stake in shares of SPDR Portfolio TIPS ETF in the first quarter worth $69,000. Western Wealth Management LLC bought a new position in SPDR Portfolio TIPS ETF in the 1st quarter worth about $92,000. Foster & Motley Inc. bought a new stake in shares of SPDR Portfolio TIPS ETF during the 2nd quarter valued at about $445,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 1st quarter valued at $133,000.

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.