SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) Reaches New 52-Week Low – Here’s What Happened
by Michael Walen · The Markets DailyShares of SPDR Portfolio TIPS ETF (NYSEARCA:SPIP – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $25.55 and last traded at $25.57, with a volume of 343708 shares traded. The stock had previously closed at $25.67.
SPDR Portfolio TIPS ETF Stock Up 0.4%
The firm’s 50 day simple moving average is $25.92 and its two-hundred day simple moving average is $26.03.
Hedge Funds Weigh In On SPDR Portfolio TIPS ETF
A number of institutional investors have recently modified their holdings of SPIP. ERn Financial LLC boosted its stake in SPDR Portfolio TIPS ETF by 11.4% in the fourth quarter. ERn Financial LLC now owns 345,832 shares of the company’s stock valued at $8,974,000 after buying an additional 35,433 shares in the last quarter. CWM LLC raised its stake in SPDR Portfolio TIPS ETF by 15.4% during the fourth quarter. CWM LLC now owns 4,085,211 shares of the company’s stock worth $106,011,000 after acquiring an additional 543,940 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SPDR Portfolio TIPS ETF by 7,732.8% during the third quarter. JPMorgan Chase & Co. now owns 25,300 shares of the company’s stock worth $666,000 after acquiring an additional 24,977 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management raised its stake in SPDR Portfolio TIPS ETF by 356.7% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 52,600 shares of the company’s stock worth $1,384,000 after acquiring an additional 41,082 shares in the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of SPDR Portfolio TIPS ETF by 337.2% in the fourth quarter. Sanctuary Advisors LLC now owns 33,415 shares of the company’s stock worth $867,000 after acquiring an additional 25,772 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.