SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 12-Month Low – Time to Sell?

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $25.58 and last traded at $25.59, with a volume of 362910 shares trading hands. The stock had previously closed at $25.75.

SPDR Portfolio TIPS ETF Stock Performance

The business has a fifty day moving average price of $25.96 and a two-hundred day moving average price of $26.04.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SPIP. CWM LLC increased its position in shares of SPDR Portfolio TIPS ETF by 15.4% during the fourth quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after acquiring an additional 543,940 shares during the last quarter. State Street Corp lifted its holdings in shares of SPDR Portfolio TIPS ETF by 114.9% in the 2nd quarter. State Street Corp now owns 3,783,799 shares of the company’s stock worth $98,606,000 after acquiring an additional 2,022,696 shares during the last quarter. Cannon Financial Strategists Inc. boosted its position in shares of 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 purchasing an additional 47,036 shares during the period. Hughes Financial Services LLC boosted its position in shares of 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 purchasing an additional 62,930 shares during the period. Finally, Willow Creek Wealth Management Inc. boosted its position in shares of SPDR Portfolio TIPS ETF by 1.8% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 620,526 shares of the company’s stock worth $16,329,000 after purchasing an additional 11,003 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.