SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sets New 52-Week Low – Should You Sell?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.00 and last traded at $25.15, with a volume of 12700 shares changing hands. The stock had previously closed at $25.19.

SPDR Portfolio TIPS ETF Stock Down 0.3%

The stock has a 50-day moving average of $25.29 and a 200 day moving average of $25.78.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC grew its holdings in SPDR Portfolio TIPS ETF by 104.8% during the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock worth $7,752,000 after acquiring an additional 152,531 shares during the period. Cannon Financial Strategists Inc. lifted its stake in shares of SPDR Portfolio TIPS ETF by 4.7% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,048,771 shares of the company’s stock valued at $27,216,000 after purchasing an additional 47,036 shares during the period. Hughes Financial Services LLC boosted its position in shares of SPDR Portfolio TIPS ETF by 9.6% in the 4th quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock worth $18,570,000 after purchasing an additional 62,930 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of SPDR Portfolio TIPS ETF by 337.2% during the fourth quarter. Sanctuary Advisors LLC now owns 33,415 shares of the company’s stock worth $867,000 after purchasing an additional 25,772 shares during the period. Finally, CFS Investment Advisory Services LLC bought a new stake in SPDR Portfolio TIPS ETF in the first quarter valued at about $1,615,000.

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.