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

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $18.68 and last traded at $18.69, with a volume of 3234 shares trading hands. The stock had previously closed at $18.72.

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

The company has a fifty day moving average price of $18.93 and a 200 day moving average price of $19.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIPX. Geneos Wealth Management Inc. acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth $35,000. Qube Research & Technologies Ltd boosted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% during the third quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock valued at $42,000 after acquiring an additional 1,953 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth about $53,000. PNC Financial Services Group Inc. grew its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% during the fourth 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 last quarter. Finally, Western Wealth Management LLC bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter worth about $119,000.

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

(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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