SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week Low – Time to Sell?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) reached a new 52-week low during trading on Thursday . The stock traded as low as $24.93 and last traded at $24.9350, with a volume of 12076 shares changing hands. The stock had previously closed at $25.04.

SPDR Portfolio TIPS ETF Price Performance

The firm’s 50 day moving average price is $25.19 and its two-hundred day moving average price is $25.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPIP. State Street Corp raised its position in 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 in the last quarter. Private Advisor Group LLC boosted its holdings in shares of 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 worth $7,752,000 after purchasing an additional 152,531 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of SPDR Portfolio TIPS ETF by 39.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 349,341 shares of the company’s stock worth $9,065,000 after purchasing an additional 99,572 shares in the last quarter. Hughes Financial Services LLC increased its position 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 valued at $18,570,000 after purchasing an additional 62,930 shares during the last quarter. Finally, CFS Investment Advisory Services LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the 1st quarter valued at about $1,615,000.

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.