SPIP Stock Summary and Trading Ideas (SPDR Portfolio Tips ETF | ARCA:SPIP)

The SPDR Portfolio TIPS ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg U.S. Government Inflation-Linked Bond Index (the "Index"). The Bloomberg U.S. Government Inflation-Linked Bond Index includes publicly issued, U.S. Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. Bonds must be capital-indexed and linked to an eligible inflation index. The securities must be denominated in U.S. dollars and pay coupon and principal in U.S. dollars.

SPDR Portfolio Tips ETF trades on the ARCA stock market under the symbol SPIP.

As of April 19, 2024, SPIP stock price climbed to $25.20 with 40,730 million shares trading.

SPIP has a beta of 0.22, meaning it tends to be less sensitive to market movements. SPIP has a correlation of 0.20 to the broad based SPY ETF.

SPIP has a market cap of $1.26 billion. This is considered a Small Cap stock.

In the last 3 years, SPIP stock traded as high as $32.04 and as low as $24.33.

SPIP has underperformed the market in the last year with a return of -0.8%, while the SPY ETF gained +22.0%. In the last 3 month period, SPIP fell short of the market, returning -1.0%, while SPY returned +5.0%. However, in the most recent 2 weeks SPIP has outperformed the stock market by returning -1.2%, while SPY returned -2.8%.

SPIP support price is $25.06 and resistance is $25.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPIP stock will trade within this expected range on the day.