SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Reaches New 52-Week Low – What’s Next?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares hit a new 52-week low on Monday . The company traded as low as $25.31 and last traded at $25.31, with a volume of 22847 shares. The stock had previously closed at $25.35.

SPDR Portfolio TIPS ETF Trading Down 0.3%

The stock’s 50 day simple moving average is $25.76 and its two-hundred day simple moving average is $25.98.

Institutional Trading of SPDR Portfolio TIPS ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Trust Co increased its position 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 valued at $1,225,000 after buying an additional 6,731 shares in the last quarter. KWB Wealth grew its stake in shares of SPDR Portfolio TIPS ETF by 2.4% in the second quarter. KWB Wealth now owns 24,674 shares of the company’s stock worth $634,000 after acquiring an additional 573 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of SPDR Portfolio TIPS ETF by 9.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 43,891 shares of the company’s stock worth $1,127,000 after acquiring an additional 3,638 shares during the last quarter. Beacon Financial Strategies CORP bought a new position in shares of SPDR Portfolio TIPS ETF during the second quarter valued at $32,000. Finally, Western Wealth Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the first quarter valued at $92,000.

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.