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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $24.66 and last traded at $24.6360, with a volume of 92755 shares traded. The stock had previously closed at $24.75.

SPDR Portfolio TIPS ETF Price Performance

The company has a 50-day moving average price of $25.05 and a two-hundred day moving average price of $25.59.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of SPDR Portfolio TIPS ETF by 5.4% during the second quarter. State Street Corp now owns 3,869,418 shares of the company’s stock valued at $99,367,000 after buying an additional 197,597 shares during the period. Continuum Advisory LLC grew its stake in SPDR Portfolio TIPS ETF by 8.2% during the second quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after acquiring an additional 6,063 shares in the last quarter. Foster & Motley Inc. purchased a new position in SPDR Portfolio TIPS ETF during the second quarter valued at approximately $445,000. Charles Schwab Trust Co increased its holdings in SPDR Portfolio TIPS ETF by 16.4% during the 2nd quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock worth $1,225,000 after acquiring an additional 6,731 shares during the period. Finally, KWB Wealth increased its holdings in SPDR Portfolio TIPS ETF by 2.4% during the 2nd quarter. KWB Wealth now owns 24,674 shares of the company’s stock worth $634,000 after acquiring an additional 573 shares during the period.

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.