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

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) hit a new 52-week low during trading on Thursday . The stock traded as low as $24.93 and last traded at $24.9350, with a volume of 12076 shares trading hands. The stock had previously closed at $25.04.

SPDR Portfolio TIPS ETF Stock Down 0.5%

The firm’s fifty day moving average is $25.16 and its two-hundred day moving average is $25.69.

Institutional Trading of SPDR Portfolio TIPS ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Strategies CORP bought a new position in SPDR Portfolio TIPS ETF in the 2nd quarter worth approximately $32,000. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 worth $36,000 after buying an additional 563 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of SPDR Portfolio TIPS ETF in the fourth quarter worth $38,000. Park National Corp OH purchased a new position in shares of SPDR Portfolio TIPS ETF in the first quarter worth $69,000. Finally, Western Wealth Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF during the first quarter worth $92,000.

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.