SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits 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 Wednesday . The company traded as low as $25.39 and last traded at $25.39, with a volume of 58382 shares changing hands. The stock had previously closed at $25.68.

SPDR Portfolio TIPS ETF Stock Performance

The firm’s 50-day moving average is $25.89 and its 200 day moving average is $26.02.

Institutional Trading of SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SPIP. CIBC Private Wealth Group LLC raised its position in shares of 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 worth $36,000 after buying an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SPDR Portfolio TIPS ETF during the fourth quarter valued at about $38,000. Park National Corp OH acquired a new stake in SPDR Portfolio TIPS ETF during the first quarter worth about $69,000. Western Wealth Management LLC acquired a new stake in SPDR Portfolio TIPS ETF during the first quarter worth about $92,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in SPDR Portfolio TIPS ETF during the fourth quarter worth about $106,000.

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.