SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Reaches New 12-Month Low – What’s Next?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $18.56 and last traded at $18.5650, with a volume of 512179 shares changing hands. The stock had previously closed at $18.60.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.3%

The company has a 50-day simple moving average of $18.66 and a two-hundred day simple moving average of $18.98.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

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

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

(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.

Further Reading

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