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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $25.58 and last traded at $25.59, with a volume of 362910 shares trading hands. The stock had previously closed at $25.75.

SPDR Portfolio TIPS ETF Trading Down 0.6%

The business has a 50-day moving average of $25.97 and a 200-day moving average of $26.05.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its holdings in SPDR Portfolio TIPS ETF by 69.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after buying an additional 563 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in SPDR Portfolio TIPS ETF during the fourth quarter valued at about $38,000. Park National Corp OH bought a new position in SPDR Portfolio TIPS ETF during the first quarter valued at about $69,000. Western Wealth Management LLC bought a new position in SPDR Portfolio TIPS ETF during the first quarter valued at about $92,000. Finally, Smartleaf Asset Management LLC raised its holdings in SPDR Portfolio TIPS ETF by 43.6% during the third quarter. Smartleaf Asset Management LLC now owns 3,711 shares of the company’s stock valued at $98,000 after buying an additional 1,127 shares in the last quarter.

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.