SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sees Strong Trading Volume – Should You Buy?

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) saw an uptick in trading volume on Friday . 724,138 shares changed hands during mid-day trading, an increase of 290% from the previous session’s volume of 185,637 shares.The stock last traded at $25.66 and had previously closed at $25.64.

SPDR Portfolio TIPS ETF Trading Down 0.1 %

The company’s 50-day simple moving average is $25.51 and its 200 day simple moving average is $25.75.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Realta Investment Advisors bought a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth about $26,000. Blue Trust Inc. acquired a new stake in SPDR Portfolio TIPS ETF in the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC bought a new position in SPDR Portfolio TIPS ETF in the 4th quarter worth approximately $146,000. Prosperity Planning Inc. acquired a new position in shares of SPDR Portfolio TIPS ETF during the third quarter worth approximately $206,000. Finally, Allworth Financial LP boosted its position in shares of SPDR Portfolio TIPS ETF by 106.9% in the fourth quarter. Allworth Financial LP now owns 8,205 shares of the company’s stock valued at $209,000 after acquiring an additional 4,240 shares during the period.

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.