SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 1-Year Low – What’s Next?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $25.27 and last traded at $25.29, with a volume of 46801 shares changing hands. The stock had previously closed at $25.29.

SPDR Portfolio TIPS ETF Trading Down 0.3%

The stock’s fifty day moving average price is $25.62 and its two-hundred day moving average price is $25.94.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Strategies CORP bought a new position in shares of SPDR Portfolio TIPS ETF in the 2nd quarter valued at $32,000. CIBC Private Wealth Group LLC lifted its position in shares of SPDR Portfolio TIPS ETF by 69.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock worth $36,000 after buying an additional 563 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at about $38,000. Park National Corp OH acquired a new stake in SPDR Portfolio TIPS ETF in the first quarter valued at about $69,000. Finally, Western Wealth Management LLC acquired a new stake in SPDR Portfolio TIPS ETF in the first quarter valued at about $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.