Shares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $24.66 and last traded at $24.6360, with a volume of 92755 shares traded. The stock had previously closed at $24.75.
SPDR Portfolio TIPS ETF Price Performance
The company’s 50-day moving average price is $25.08 and its two-hundred day moving average price is $25.61.
Institutional Investors Weigh In On SPDR Portfolio TIPS ETF
Hedge funds have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of SPDR Portfolio TIPS ETF by 5.4% during the second quarter. State Street Corp now owns 3,869,418 shares of the company’s stock worth $99,367,000 after purchasing an additional 197,597 shares during the period. Hughes Financial Services LLC lifted its holdings in SPDR Portfolio TIPS ETF by 9.6% during the 4th quarter. Hughes Financial Services LLC now owns 715,589 shares of the company’s stock worth $18,570,000 after purchasing an additional 62,930 shares during the last quarter. Private Advisor Group LLC boosted its stake in SPDR Portfolio TIPS ETF by 104.8% in the 1st quarter. Private Advisor Group LLC now owns 298,038 shares of the company’s stock valued at $7,752,000 after purchasing an additional 152,531 shares during the period. IFG Advisory LLC boosted its stake in SPDR Portfolio TIPS ETF by 6.1% in the 4th quarter. IFG Advisory LLC now owns 202,235 shares of the company’s stock valued at $5,248,000 after purchasing an additional 11,654 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in SPDR Portfolio TIPS ETF by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 128,641 shares of the company’s stock valued at $3,346,000 after purchasing an additional 1,680 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.
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