SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Reaches New 52-Week Low – Here’s Why

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) hit a new 52-week low during trading on Monday . The stock traded as low as $25.02 and last traded at $25.02, with a volume of 311516 shares. The stock had previously closed at $25.07.

SPDR Portfolio TIPS ETF Trading Up 0.3%

The stock’s 50-day moving average is $25.36 and its two-hundred day moving average is $25.83.

Institutional Inflows and Outflows

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

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.