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 trading on Wednesday . The stock traded as low as $25.58 and last traded at $25.59, with a volume of 362910 shares changing hands. The stock had previously closed at $25.75.

SPDR Portfolio TIPS ETF Price Performance

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

Institutional Trading of SPDR Portfolio TIPS ETF

Several large investors have recently added to or reduced their stakes in SPIP. State Street Corp boosted 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 worth $98,606,000 after acquiring an additional 2,022,696 shares in the last quarter. CWM LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 15.4% in the fourth quarter. CWM LLC now owns 4,085,211 shares of the company’s stock worth $106,011,000 after buying an additional 543,940 shares during the period. Private Advisor Group LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 104.8% in the first quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock worth $7,752,000 after buying an additional 152,531 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of SPDR Portfolio TIPS ETF by 39.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 349,341 shares of the company’s stock worth $9,065,000 after buying an additional 99,572 shares during the period. Finally, Hughes Financial Services LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 9.6% in the fourth quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock worth $18,570,000 after buying an additional 62,930 shares during the period.

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.