SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Reaches New 12-Month Low – Here’s Why

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.00 and last traded at $25.15, with a volume of 12700 shares. The stock had previously closed at $25.19.

SPDR Portfolio TIPS ETF Stock Down 0.3%

The company’s 50 day moving average price is $25.29 and its 200 day moving average price is $25.78.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

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