Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $25.34 and last traded at $25.37, with a volume of 443435 shares changing hands. The stock had previously closed at $25.43.
SPDR Portfolio TIPS ETF Trading Down 0.2%
The company has a fifty day moving average of $25.84 and a 200-day moving average of $26.00.
Institutional Trading of SPDR Portfolio TIPS ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its holdings in 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 valued at $36,000 after purchasing an additional 563 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $38,000. Park National Corp OH purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 1st quarter valued at approximately $69,000. Western Wealth Management LLC purchased a new stake in shares of SPDR Portfolio TIPS ETF during the 1st quarter valued at approximately $92,000. Finally, Newbridge Financial Services Group Inc. bought a new position in SPDR Portfolio TIPS ETF in 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.
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