SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Unusually-High Trading Volume – Should You Buy?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw an uptick in trading volume on Wednesday. 2,862,412 shares were traded during mid-day trading, an increase of 677% from the previous session’s volume of 368,262 shares. The stock last traded at $18.2150 and had previously closed at $18.19.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

The stock’s 50-day moving average is $18.55 and its two-hundred day moving average is $18.89.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Several hedge funds have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% in the second quarter. State Street Corp now owns 59,157,599 shares of the company’s stock worth $1,119,853,000 after buying an additional 6,023,466 shares in the last quarter. Bank of America Corp DE grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% during the 1st quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock valued at $18,947,000 after buying an additional 760,257 shares in the last quarter. Oarsman Capital Inc. bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter worth approximately $11,046,000. McIlrath & Eck LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter worth approximately $4,607,000. Finally, JNBA Financial Advisors bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter worth approximately $2,808,000.

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.