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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) reached a new 52-week low on Monday . The company traded as low as $18.32 and last traded at $18.35, with a volume of 310414 shares. The stock had previously closed at $18.33.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Up 0.1%

The stock has a 50 day moving average price of $18.62 and a 200 day moving average price of $18.94.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE increased its position in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% in the 1st quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock valued at $18,947,000 after acquiring an additional 760,257 shares during the period. Oarsman Capital Inc. acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth $11,046,000. Aspire Private Capital LLC grew its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 2.4% in the first quarter. Aspire Private Capital LLC now owns 321,985 shares of the company’s stock worth $6,179,000 after purchasing an additional 7,587 shares during the last quarter. Continuum Advisory LLC increased its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 2.6% in the second quarter. Continuum Advisory LLC now owns 314,784 shares of the company’s stock valued at $5,959,000 after purchasing an additional 7,839 shares during the period. Finally, McIlrath & Eck LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter valued at $4,607,000.

About SPDR Bloomberg 1-10 Year TIPS ETF

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.