SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Hits New 52-Week Low – Here’s What Happened

Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) reached 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 traded. The stock had previously closed at $25.21.

SPDR Portfolio TIPS ETF Stock Down 0.6%

The stock has a 50-day simple moving average of $25.54 and a 200 day simple moving average of $25.91.

Institutional Trading of SPDR Portfolio TIPS ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in SPDR Portfolio TIPS ETF by 15.4% in the fourth quarter. CWM LLC now owns 4,085,211 shares of the company’s stock valued at $106,011,000 after buying an additional 543,940 shares during the last quarter. State Street Corp increased its position in shares of SPDR Portfolio TIPS ETF by 114.9% during the second quarter. State Street Corp now owns 3,783,799 shares of the company’s stock valued at $98,606,000 after acquiring an additional 2,022,696 shares during the last quarter. Cannon Financial Strategists Inc. increased its position in shares of SPDR Portfolio TIPS ETF by 4.7% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,048,771 shares of the company’s stock valued at $27,216,000 after acquiring an additional 47,036 shares during the last quarter. Hughes Financial Services LLC increased its position in shares of SPDR Portfolio TIPS ETF by 9.6% during the fourth quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock valued at $18,570,000 after acquiring an additional 62,930 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of SPDR Portfolio TIPS ETF by 39.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 349,341 shares of the company’s stock valued at $9,065,000 after acquiring an additional 99,572 shares during the period.

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.