SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week Low – Here’s What Happened

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $25.02 and last traded at $25.02, with a volume of 311516 shares changing hands. The stock had previously closed at $25.07.

SPDR Portfolio TIPS ETF Price Performance

The firm’s 50-day moving average price is $25.38 and its 200-day moving average price is $25.84.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its position in shares of SPDR Portfolio TIPS ETF by 36.5% during the first quarter. Jones Financial Companies Lllp now owns 8,310 shares of the company’s stock worth $219,000 after acquiring an additional 2,220 shares in the last quarter. Jane Street Group LLC raised its stake in shares of SPDR Portfolio TIPS ETF by 267.0% during the 1st quarter. Jane Street Group LLC now owns 80,284 shares of the company’s stock valued at $2,118,000 after purchasing an additional 58,406 shares during the period. State Street Corp raised its stake in shares of SPDR Portfolio TIPS ETF by 114.9% during the 2nd 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. JPMorgan Chase & Co. lifted its holdings in SPDR Portfolio TIPS ETF by 7,732.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,300 shares of the company’s stock worth $666,000 after purchasing an additional 24,977 shares in the last quarter. Finally, Comerica Bank lifted its holdings in SPDR Portfolio TIPS ETF by 5.9% during the 3rd quarter. Comerica Bank now owns 36,820 shares of the company’s stock worth $969,000 after purchasing an additional 2,046 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.