SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Hits New 52-Week Low – Should You Sell?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.68 and last traded at $18.69, with a volume of 3234 shares changing hands. The stock had previously closed at $18.72.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.2%

The firm’s 50-day simple moving average is $18.93 and its 200 day simple moving average is $19.11.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. KWB Wealth bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter worth approximately $301,000. Breakwater Capital Group raised its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 34.4% during the 2nd quarter. Breakwater Capital Group now owns 60,437 shares of the company’s stock valued at $1,144,000 after acquiring an additional 15,475 shares in the last quarter. Midwest Financial Network LLC raised its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 37.1% during the 2nd quarter. Midwest Financial Network LLC now owns 27,785 shares of the company’s stock valued at $526,000 after acquiring an additional 7,516 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter worth $264,000. Finally, Western Wealth Management LLC acquired a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter worth $119,000.

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.