SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week Low – Here’s What Happened

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) hit a new 52-week low on Monday . The company traded as low as $25.03 and last traded at $25.03, with a volume of 6684 shares trading hands. The stock had previously closed at $25.21.

SPDR Portfolio TIPS ETF Price Performance

The company’s 50 day simple moving average is $25.54 and its 200 day simple moving average is $25.91.

Institutional Trading of SPDR Portfolio TIPS ETF

A number of institutional investors have recently bought and sold shares of the business. Charles Schwab Trust Co raised its position in shares of SPDR Portfolio TIPS ETF by 16.4% during the 2nd quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock worth $1,225,000 after acquiring an additional 6,731 shares in the last quarter. KWB Wealth lifted its stake in SPDR Portfolio TIPS ETF by 2.4% during the second quarter. KWB Wealth now owns 24,674 shares of the company’s stock worth $634,000 after purchasing an additional 573 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in SPDR Portfolio TIPS ETF by 9.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 43,891 shares of the company’s stock valued at $1,127,000 after purchasing an additional 3,638 shares in the last quarter. Beacon Financial Strategies CORP purchased a new position in SPDR Portfolio TIPS ETF in the second quarter valued at approximately $32,000. Finally, Western Wealth Management LLC purchased a new position in SPDR Portfolio TIPS ETF in the first quarter valued at approximately $92,000.

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.