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

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) shares hit a new 52-week low during trading on Monday . The stock traded as low as $25.31 and last traded at $25.31, with a volume of 22847 shares. The stock had previously closed at $25.35.

SPDR Portfolio TIPS ETF Trading Down 0.3%

The company has a 50-day simple moving average of $25.76 and a two-hundred day simple moving average of $25.98.

Institutional Investors Weigh In On SPDR Portfolio TIPS ETF

Several hedge funds have recently made changes to their positions in SPIP. Beacon Financial Strategies CORP bought a new position in SPDR Portfolio TIPS ETF in the second quarter worth $32,000. CIBC Private Wealth Group LLC boosted its holdings in shares of SPDR Portfolio TIPS ETF by 69.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,375 shares of the company’s stock valued at $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 stake in shares of SPDR Portfolio TIPS ETF in the 4th quarter worth about $38,000. Park National Corp OH purchased a new stake in shares of SPDR Portfolio TIPS ETF in the 1st quarter worth about $69,000. Finally, Western Wealth Management LLC bought a new position in shares of SPDR Portfolio TIPS ETF in the 1st quarter worth about $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.