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

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

SPDR Portfolio TIPS ETF Stock Performance

The company’s 50 day moving average price is $25.19 and its 200-day moving average price is $25.71.

Hedge Funds Weigh In On SPDR Portfolio TIPS ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPIP. Beacon Financial Strategies CORP purchased a new stake in SPDR Portfolio TIPS ETF in the second quarter worth $32,000. CIBC Private Wealth Group LLC lifted its position in shares of SPDR Portfolio TIPS ETF by 69.3% during the 3rd 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the 4th quarter worth $38,000. Park National Corp OH bought a new position in shares of SPDR Portfolio TIPS ETF during the 1st quarter worth $69,000. Finally, Western Wealth Management LLC purchased a new stake in SPDR Portfolio TIPS ETF in the 1st quarter worth about $92,000.

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.