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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares reached a new 52-week low on Wednesday . The company traded as low as $24.66 and last traded at $24.6360, with a volume of 92755 shares traded. The stock had previously closed at $24.75.

SPDR Portfolio TIPS ETF Price Performance

The company’s 50 day moving average is $25.08 and its 200 day moving average is $25.61.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC increased its holdings in SPDR Portfolio TIPS ETF by 104.8% in the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock valued at $7,752,000 after buying an additional 152,531 shares during the period. Hughes Financial Services LLC lifted its holdings in shares of SPDR Portfolio TIPS ETF by 9.6% during the 4th quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock worth $18,570,000 after acquiring an additional 62,930 shares during the period. CFS Investment Advisory Services LLC bought a new position in SPDR Portfolio TIPS ETF in the first quarter valued at approximately $1,615,000. Amicus Financial Advisors LLC bought a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth $653,000. Finally, Fifth Third Bancorp bought a new stake in SPDR Portfolio TIPS ETF during the first quarter worth $983,000.

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.