SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 1-Year Low – Should You Sell?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $25.39 and last traded at $25.39, with a volume of 58382 shares. The stock had previously closed at $25.68.

SPDR Portfolio TIPS ETF Trading Down 1.0%

The stock’s 50-day moving average is $25.89 and its 200-day moving average is $26.02.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Several large investors have recently made changes to their positions in SPIP. Western Wealth Management LLC purchased a new stake in SPDR Portfolio TIPS ETF during the 1st quarter worth $92,000. D.A. Davidson & CO. purchased a new position in SPDR Portfolio TIPS ETF in the first quarter valued at about $239,000. Bank of New York Mellon Corp raised its position in SPDR Portfolio TIPS ETF by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 128,641 shares of the company’s stock valued at $3,346,000 after purchasing an additional 1,680 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 2.1% during the first quarter. Sanctuary Advisors LLC now owns 34,126 shares of the company’s stock worth $888,000 after purchasing an additional 711 shares in the last quarter. Finally, Integrity Wealth Solutions LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 4.9% during the first quarter. Integrity Wealth Solutions LLC now owns 107,253 shares of the company’s stock worth $2,790,000 after purchasing an additional 4,963 shares in the last quarter.

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.