SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Sets New 52-Week Low – Time to Sell?

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $25.03 and last traded at $25.03, with a volume of 6684 shares trading hands. The stock had previously closed at $25.21.

SPDR Portfolio TIPS ETF Stock Up 0.2%

The business’s 50 day moving average is $25.51 and its 200 day moving average is $25.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Beacon Financial Strategies CORP purchased a new position in SPDR Portfolio TIPS ETF in the second quarter valued at about $32,000. CIBC Private Wealth Group LLC boosted its stake in SPDR Portfolio TIPS ETF by 69.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after acquiring an additional 563 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR Portfolio TIPS ETF in the fourth quarter valued at approximately $38,000. Park National Corp OH acquired a new stake in SPDR Portfolio TIPS ETF in the first quarter valued at approximately $69,000. Finally, Western Wealth Management LLC purchased a new position in SPDR Portfolio TIPS ETF in the first quarter worth $92,000.

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.