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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares hit a new 52-week low on Tuesday . The company traded as low as $25.17 and last traded at $25.17, with a volume of 238299 shares changing hands. The stock had previously closed at $25.20.

SPDR Portfolio TIPS ETF Stock Performance

The business has a 50 day moving average price of $25.59 and a 200-day moving average price of $25.93.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Beacon Financial Strategies CORP acquired a new stake in SPDR Portfolio TIPS ETF in the second quarter valued at $32,000. CIBC Private Wealth Group LLC grew its stake 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 purchasing an additional 563 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of SPDR Portfolio TIPS ETF in the 4th quarter valued at about $38,000. Park National Corp OH acquired a new stake in shares of SPDR Portfolio TIPS ETF in the first quarter valued at about $69,000. Finally, Western Wealth Management LLC acquired a new stake in shares of SPDR Portfolio TIPS ETF in the first quarter valued at about $92,000.

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.