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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares saw unusually-strong trading volume on Wednesday . 529,152 shares were traded during mid-day trading, an increase of 62% from the previous session’s volume of 327,149 shares.The stock last traded at $25.19 and had previously closed at $25.22.

SPDR Portfolio TIPS ETF Stock Performance

The firm has a 50 day simple moving average of $25.31 and a 200-day simple moving average of $25.80.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC raised its position in SPDR Portfolio TIPS ETF by 8.2% in the second quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after purchasing an additional 6,063 shares during the period. Foster & Motley Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at $445,000. Charles Schwab Trust Co lifted its stake in SPDR Portfolio TIPS ETF by 16.4% during the 2nd quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock worth $1,225,000 after acquiring an additional 6,731 shares in the last quarter. KWB Wealth lifted its stake in SPDR Portfolio TIPS ETF by 2.4% during the 2nd quarter. KWB Wealth now owns 24,674 shares of the company’s stock worth $634,000 after acquiring an additional 573 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in SPDR Portfolio TIPS ETF by 9.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 43,891 shares of the company’s stock valued at $1,127,000 after acquiring an additional 3,638 shares during the period.

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.