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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $18.58 and last traded at $18.58, with a volume of 7174 shares. The stock had previously closed at $18.72.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.7%

The company has a fifty day simple moving average of $18.86 and a two-hundred day simple moving average of $19.09.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 4.2% in the fourth quarter. State Street Corp now owns 55,696,115 shares of the company’s stock valued at $1,062,682,000 after purchasing an additional 2,231,794 shares in the last quarter. LPL Financial LLC grew its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 2.9% during the fourth quarter. LPL Financial LLC now owns 2,569,385 shares of the company’s stock worth $49,024,000 after buying an additional 71,359 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 13.1% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,464,107 shares of the company’s stock worth $27,935,000 after buying an additional 169,271 shares in the last quarter. Bank of America Corp DE increased its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% in the 1st quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock valued at $18,947,000 after buying an additional 760,257 shares during the period. Finally, Brio Consultants LLC increased its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 6.5% in the 4th quarter. Brio Consultants LLC now owns 946,670 shares of the company’s stock valued at $18,062,000 after buying an additional 58,106 shares during the period.

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.