SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Strong Trading Volume – Time to Buy?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw unusually-high trading volume on Wednesday . Approximately 676,443 shares changed hands during trading, an increase of 79% from the previous session’s volume of 377,939 shares.The stock last traded at $18.59 and had previously closed at $18.61.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Down 0.1%

The stock has a 50-day simple moving average of $18.84 and a two-hundred day simple moving average of $19.08.

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

Institutional investors have recently made changes to their positions in the company. KWB Wealth bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter valued at about $301,000. Breakwater Capital Group grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 34.4% during the 2nd quarter. Breakwater Capital Group now owns 60,437 shares of the company’s stock worth $1,144,000 after acquiring an additional 15,475 shares in the last quarter. Midwest Financial Network LLC grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 37.1% during the 2nd quarter. Midwest Financial Network LLC now owns 27,785 shares of the company’s stock worth $526,000 after acquiring an additional 7,516 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter worth about $264,000. Finally, Western Wealth Management LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at about $119,000.

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

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.