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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares saw an uptick in trading volume on Monday . 1,061,983 shares traded hands during mid-day trading, an increase of 374% from the previous session’s volume of 224,054 shares.The stock last traded at $25.97 and had previously closed at $26.24.

SPDR Portfolio TIPS ETF Price Performance

The firm has a 50-day simple moving average of $25.98 and a 200 day simple moving average of $25.80.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several large investors have recently modified their holdings of SPIP. Cetera Investment Advisers lifted its position in shares of SPDR Portfolio TIPS ETF by 0.6% in the 4th quarter. Cetera Investment Advisers now owns 77,644 shares of the company’s stock worth $1,965,000 after purchasing an additional 498 shares during the period. Keybank National Association OH boosted its holdings in SPDR Portfolio TIPS ETF by 5.7% in the fourth quarter. Keybank National Association OH now owns 10,023 shares of the company’s stock worth $254,000 after acquiring an additional 540 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of SPDR Portfolio TIPS ETF by 5.6% during the fourth quarter. Stifel Financial Corp now owns 11,363 shares of the company’s stock valued at $288,000 after acquiring an additional 601 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in SPDR Portfolio TIPS ETF by 11.2% during the fourth quarter. Jones Financial Companies Lllp now owns 6,090 shares of the company’s stock worth $154,000 after buying an additional 612 shares during the last quarter. Finally, Fifth Third Securities Inc. increased its position in shares of SPDR Portfolio TIPS ETF by 5.8% during the fourth quarter. Fifth Third Securities Inc. now owns 12,894 shares of the company’s stock worth $326,000 after acquiring an additional 711 shares in the last quarter.

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.