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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $25.34 and last traded at $25.37, with a volume of 443435 shares changing hands. The stock had previously closed at $25.43.

SPDR Portfolio TIPS ETF Stock Up 0.1%

The firm’s 50-day simple moving average is $25.79 and its 200 day simple moving average is $25.99.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its stake in SPDR Portfolio TIPS ETF by 15.4% during the 4th quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after acquiring an additional 543,940 shares in the last quarter. State Street Corp increased its holdings in shares of SPDR Portfolio TIPS ETF by 114.9% during the second quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after purchasing an additional 2,022,696 shares during the period. Cannon Financial Strategists Inc. increased its holdings in shares of SPDR Portfolio TIPS ETF by 4.7% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,048,771 shares of the company’s stock valued at $27,216,000 after purchasing an additional 47,036 shares during the period. Hughes Financial Services LLC increased its holdings in shares of SPDR Portfolio TIPS ETF by 9.6% during the fourth quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock valued at $18,570,000 after purchasing an additional 62,930 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of SPDR Portfolio TIPS ETF by 39.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 349,341 shares of the company’s stock valued at $9,065,000 after purchasing an additional 99,572 shares in the last quarter.

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.