SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Hits New 12-Month Low – Here’s Why

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $18.57 and last traded at $18.58, with a volume of 143267 shares changing hands. The stock had previously closed at $18.66.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.4%

The stock’s 50 day moving average price is $18.72 and its 200 day moving average price is $19.02.

Hedge Funds Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

A number of institutional investors and hedge funds have recently bought and sold shares of TIPX. Flow Traders U.S. LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at $210,000. NewEdge Advisors LLC lifted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 157,151 shares of the company’s stock worth $3,008,000 after purchasing an additional 5,906 shares during the last quarter. Raymond James Financial Inc. lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 6.7% in the second quarter. Raymond James Financial Inc. now owns 83,507 shares of the company’s stock valued at $1,598,000 after buying an additional 5,243 shares during the last quarter. Modern Wealth Management LLC acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at about $394,000. Finally, Orion Porfolio Solutions LLC boosted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 54.6% during the second quarter. Orion Porfolio Solutions LLC now owns 25,066 shares of the company’s stock worth $480,000 after buying an additional 8,850 shares during the period.

About SPDR Bloomberg 1-10 Year TIPS ETF

(Get Free Report)

The SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of 1-10 years US Treasury Inflation-Protected Securities (TIPS). TIPX was launched on May 29, 2013 and is managed by State Street.

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