PMG Wealth Management Inc. Lowers Stock Holdings in SPDR Bloomberg 1-10 Year TIPS ETF $TIPX

PMG Wealth Management Inc. trimmed its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) by 29.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,227 shares of the company’s stock after selling 5,556 shares during the period. PMG Wealth Management Inc.’s holdings in SPDR Bloomberg 1-10 Year TIPS ETF were worth $252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIPX. Golden State Wealth Management LLC grew its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 100.1% during the first quarter. Golden State Wealth Management LLC now owns 3,552 shares of the company’s stock valued at $68,000 after purchasing an additional 1,777 shares in the last quarter. Lynx Investment Advisory lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% in the 1st quarter. Lynx Investment Advisory now owns 45,553 shares of the company’s stock valued at $874,000 after buying an additional 4,607 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 927.9% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 10,495 shares of the company’s stock valued at $201,000 after purchasing an additional 9,474 shares during the last quarter. Iams Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth about $200,000. Finally, Pinnacle Wealth Planning Services Inc. boosted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 5.1% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 225,218 shares of the company’s stock worth $4,322,000 after acquiring an additional 10,935 shares in the last quarter.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

TIPX opened at $19.26 on Friday. SPDR Bloomberg 1-10 Year TIPS ETF has a 12 month low of $18.39 and a 12 month high of $19.41. The business has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $19.09.

SPDR Bloomberg 1-10 Year TIPS ETF 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.