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

by · The Markets Daily

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) shares saw an uptick in trading volume on Friday. 771,337 shares changed hands during mid-day trading, an increase of 119% from the previous session’s volume of 351,854 shares. The stock last traded at $24.4650 and had previously closed at $24.44.

SPDR Portfolio TIPS ETF Trading Up 0.1%

The stock has a 50-day moving average of $25.05 and a 200 day moving average of $25.59.

Institutional Trading of SPDR Portfolio TIPS ETF

Institutional investors have recently bought and sold shares of the business. Beacon Financial Strategies CORP bought a new position in SPDR Portfolio TIPS ETF during the 2nd quarter worth approximately $32,000. Park National Corp OH bought a new position in SPDR Portfolio TIPS ETF in the first quarter valued at approximately $69,000. Western Wealth Management LLC acquired a new position in shares of SPDR Portfolio TIPS ETF in the first quarter valued at approximately $92,000. Ascentis Independent Advisors bought a new stake in shares of SPDR Portfolio TIPS ETF during the first quarter worth $133,000. Finally, D.A. Davidson & CO. bought a new stake in shares of SPDR Portfolio TIPS ETF during the first quarter worth $239,000.

SPDR Portfolio TIPS ETF Company Profile

(Get Free Report)

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.

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