SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Hits New 12-Month Low – Here’s What Happened

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $18.90 and last traded at $18.90, with a volume of 229271 shares. The stock had previously closed at $18.97.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The business’s fifty day moving average price is $19.15 and its 200 day moving average price is $19.16.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth $210,000. NewEdge Advisors LLC boosted 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 acquiring an additional 5,906 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 83,507 shares of the company’s stock valued at $1,598,000 after acquiring an additional 5,243 shares in the last quarter. Modern Wealth Management LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter worth $394,000. Finally, Orion Porfolio Solutions LLC grew its position in SPDR Bloomberg 1-10 Year TIPS ETF by 54.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,066 shares of the company’s stock worth $480,000 after acquiring an additional 8,850 shares during the last quarter.

About SPDR Bloomberg 1-10 Year TIPS ETF

(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.

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