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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.55 and last traded at $25.57, with a volume of 343708 shares changing hands. The stock had previously closed at $25.67.

SPDR Portfolio TIPS ETF Stock Down 0.4%

The firm has a fifty day moving average of $25.94 and a 200-day moving average of $26.04.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its holdings in SPDR Portfolio TIPS ETF by 3.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,277 shares of the company’s stock worth $371,000 after acquiring an additional 502 shares during the period. Mariner LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 1.1% in the 3rd quarter. Mariner LLC now owns 48,807 shares of the company’s stock valued at $1,284,000 after purchasing an additional 554 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 69.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $36,000 after purchasing an additional 563 shares during the period. Detalus Advisors LLC lifted its stake in shares of SPDR Portfolio TIPS ETF by 6.2% in the 1st quarter. Detalus Advisors LLC now owns 10,745 shares of the company’s stock valued at $279,000 after purchasing an additional 623 shares during the period. Finally, Keybank National Association OH boosted its position in shares of SPDR Portfolio TIPS ETF by 4.0% in the 1st quarter. Keybank National Association OH now owns 17,393 shares of the company’s stock worth $452,000 after purchasing an additional 662 shares during the last quarter.

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.