SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Reaches New 52-Week Low – What’s Next?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $25.55 and last traded at $25.57, with a volume of 343708 shares changing hands. The stock had previously closed at $25.67.

SPDR Portfolio TIPS ETF Trading Down 0.4%

The stock has a fifty day simple moving average of $25.94 and a 200-day simple moving average of $26.04.

Institutional Trading of SPDR Portfolio TIPS ETF

A number of hedge funds have recently modified their holdings of the company. ERn Financial LLC grew its holdings in shares of SPDR Portfolio TIPS ETF by 11.4% in the 4th quarter. ERn Financial LLC now owns 345,832 shares of the company’s stock valued at $8,974,000 after buying an additional 35,433 shares during the period. CWM LLC raised its stake in SPDR Portfolio TIPS ETF by 15.4% during the 4th quarter. CWM LLC now owns 4,085,211 shares of the company’s stock worth $106,011,000 after buying an additional 543,940 shares during the period. JPMorgan Chase & Co. raised its stake in SPDR Portfolio TIPS ETF by 7,732.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 25,300 shares of the company’s stock worth $666,000 after buying an additional 24,977 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its holdings in SPDR Portfolio TIPS ETF by 356.7% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 52,600 shares of the company’s stock worth $1,384,000 after acquiring an additional 41,082 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in 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 acquiring an additional 25,772 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.