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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty 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.

SPDR Portfolio TIPS ETF Stock Performance

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPIP. State Street Corp boosted its stake in 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. Auour Investments LLC purchased a new position in SPDR Portfolio TIPS ETF during the third quarter worth about $665,000. Gerber Kawasaki Wealth & Investment Management purchased a new position in SPDR Portfolio TIPS ETF during the third quarter worth about $1,711,000. Flagship Harbor Advisors LLC bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $9,539,000. Finally, Culbertson A N & Co. Inc. bought a new position in SPDR Portfolio TIPS ETF in the 3rd quarter worth about $1,384,000.

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.