SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Strong Trading Volume – Here’s Why

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw unusually-strong trading volume on Monday. Approximately 447,491 shares were traded during trading, an increase of 15% from the average daily volume of 389,402 shares. The stock last traded at $18.4850 and had previously closed at $18.52.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company has a 50-day simple moving average of $18.41 and a 200 day simple moving average of $18.89.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Large investors have recently made changes to their positions in the stock. JNBA Financial Advisors purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter worth $2,808,000. First PREMIER Bank purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter valued at $1,085,000. Bank of America Corp DE increased its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% during the first 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 during the period. State Street Corp raised its holdings 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 valued at $1,119,853,000 after acquiring an additional 6,023,466 shares in the last quarter. Finally, Oarsman Capital Inc. bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter valued at about $11,046,000.

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.