SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week High – Time to Buy?

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) reached a new 52-week high on Thursday . The company traded as high as $26.44 and last traded at $26.43, with a volume of 15312 shares. The stock had previously closed at $26.16.

SPDR Portfolio TIPS ETF Price Performance

The company’s 50-day moving average is $25.94 and its two-hundred day moving average is $25.80.

Institutional Trading of SPDR Portfolio TIPS ETF

Large investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in SPDR Portfolio TIPS ETF by 9.5% during the 4th quarter. LPL Financial LLC now owns 1,549,007 shares of the company’s stock valued at $39,205,000 after buying an additional 134,776 shares during the period. Bank of America Corp DE increased its stake in shares of SPDR Portfolio TIPS ETF by 68.1% during the fourth quarter. Bank of America Corp DE now owns 1,181,354 shares of the company’s stock valued at $29,900,000 after acquiring an additional 478,559 shares during the period. Cerity Partners LLC raised its holdings in SPDR Portfolio TIPS ETF by 0.8% during the fourth quarter. Cerity Partners LLC now owns 895,945 shares of the company’s stock worth $22,676,000 after purchasing an additional 7,150 shares in the last quarter. 3EDGE Asset Management LP bought a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth approximately $19,816,000. Finally, Cannon Financial Strategists Inc. lifted its position in SPDR Portfolio TIPS ETF by 7.6% in the fourth quarter. Cannon Financial Strategists Inc. now owns 772,291 shares of the company’s stock worth $19,547,000 after purchasing an additional 54,512 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.