Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) reached a new 52-week low during trading on Tuesday. The company traded as low as $24.35 and last traded at $24.39, with a volume of 959722 shares changing hands. The stock had previously closed at $24.50.
SPDR Portfolio TIPS ETF Stock Up 0.0%
The firm’s fifty day simple moving average is $24.97 and its 200 day simple moving average is $25.54.
Hedge Funds Weigh In On SPDR Portfolio TIPS ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp grew its position in SPDR Portfolio TIPS ETF by 5.4% during the 2nd quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after purchasing an additional 197,597 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of SPDR Portfolio TIPS ETF by 8.2% in the second quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after purchasing an additional 6,063 shares in the last quarter. Foster & Motley Inc. purchased a new stake in shares of SPDR Portfolio TIPS ETF in the second quarter valued at $445,000. Charles Schwab Trust Co boosted its position in shares of SPDR Portfolio TIPS ETF by 16.4% in the second quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock worth $1,225,000 after buying an additional 6,731 shares during the period. Finally, KWB Wealth boosted its position in shares of SPDR Portfolio TIPS ETF by 2.4% in the second quarter. KWB Wealth now owns 24,674 shares of the company’s stock worth $634,000 after buying an additional 573 shares during the period.
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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