SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Stock Price Breaks Below 50-Day Moving Average – Here’s What Happened

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $24.71 and traded as low as $24.53. SPDR Portfolio TIPS ETF shares last traded at $24.57, with a volume of 432,500 shares traded.

SPDR Portfolio TIPS ETF Price Performance

The business’s 50 day moving average is $24.71 and its two-hundred day moving average is $25.52.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors have recently made changes to their positions in the stock. IFG Advisory LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter valued at $11,774,000. ERn Financial LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth $9,588,000. Flagship Harbor Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth $9,539,000. Private Advisor Group LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth $8,456,000. Finally, Aquire Wealth Advisors LLC bought a new stake in shares of SPDR Portfolio TIPS ETF during the 3rd quarter worth $4,967,000.

About SPDR Portfolio TIPS ETF

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.