SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sets New 1-Year Low – Here’s What Happened

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $25.34 and last traded at $25.37, with a volume of 443435 shares trading hands. The stock had previously closed at $25.43.

SPDR Portfolio TIPS ETF Stock Performance

The business has a 50 day moving average of $25.84 and a two-hundred day moving average of $26.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC increased its position in shares of SPDR Portfolio TIPS ETF by 69.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock worth $36,000 after acquiring an additional 563 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in SPDR Portfolio TIPS ETF in the 4th quarter valued at about $38,000. Park National Corp OH acquired a new position in SPDR Portfolio TIPS ETF during the 1st quarter valued at about $69,000. Western Wealth Management LLC bought a new stake in SPDR Portfolio TIPS ETF during the 1st quarter worth approximately $92,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in SPDR Portfolio TIPS ETF during the 4th quarter worth approximately $106,000.

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.