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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw unusually-high trading volume on Thursday. Approximately 1,090,391 shares traded hands during mid-day trading, an increase of 181% from the previous session’s volume of 387,460 shares. The stock last traded at $18.3750 and had previously closed at $18.30.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company’s 50-day moving average price is $18.45 and its 200 day moving average price is $18.81.

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

Several institutional investors and hedge funds have recently modified their holdings of TIPX. JNBA Financial Advisors bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter worth about $2,808,000. Bank of America Corp DE increased its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% in the first quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock worth $18,947,000 after purchasing an additional 760,257 shares during the last quarter. First PREMIER Bank bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter worth about $1,085,000. State Street Corp boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% during the second quarter. State Street Corp now owns 59,157,599 shares of the company’s stock valued at $1,119,853,000 after buying an additional 6,023,466 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 625.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 132,175 shares of the company’s stock valued at $2,522,000 after buying an additional 113,948 shares in the last quarter.

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.