SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.76 and last traded at $24.78, with a volume of 767844 shares trading hands. The stock had previously closed at $24.79.
SPDR Portfolio TIPS ETF Stock Performance
The firm’s 50-day simple moving average is $25.11 and its 200 day simple moving average is $25.64.
Hedge Funds Weigh In On SPDR Portfolio TIPS ETF
A number of institutional investors have recently modified their holdings of SPIP. Continuum Advisory LLC grew its position in SPDR Portfolio TIPS ETF by 8.2% in the second quarter. Continuum Advisory LLC now owns 80,173 shares of the company’s stock valued at $2,059,000 after acquiring an additional 6,063 shares during the last quarter. Foster & Motley Inc. acquired a new position in SPDR Portfolio TIPS ETF during the second quarter worth about $445,000. Charles Schwab Trust Co lifted its holdings in shares of SPDR Portfolio TIPS ETF by 16.4% in the second quarter. Charles Schwab Trust Co now owns 47,684 shares of the company’s stock worth $1,225,000 after acquiring an additional 6,731 shares during the last quarter. KWB Wealth lifted its holdings in shares of SPDR Portfolio TIPS ETF by 2.4% in the second quarter. KWB Wealth now owns 24,674 shares of the company’s stock worth $634,000 after acquiring an additional 573 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of SPDR Portfolio TIPS ETF by 9.0% in the second quarter. Wealthcare Advisory Partners LLC now owns 43,891 shares of the company’s stock worth $1,127,000 after acquiring an additional 3,638 shares during the last quarter.
SPDR Portfolio TIPS ETF Company Profile
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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