SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Hits New 52-Week Low – What’s Next?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) hit a new 52-week low during trading on Thursday . The company traded as low as $18.70 and last traded at $18.70, with a volume of 20001 shares changing hands. The stock had previously closed at $18.75.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company’s 50 day moving average price is $19.01 and its two-hundred day moving average price is $19.13.

Institutional Investors Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

Large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth approximately $35,000. Qube Research & Technologies Ltd increased its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock worth $42,000 after acquiring an additional 1,953 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter worth $53,000. PNC Financial Services Group Inc. raised its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock worth $112,000 after acquiring an additional 1,489 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at about $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.