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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPXGet Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $18.57 and last traded at $18.58, with a volume of 143267 shares. The stock had previously closed at $18.66.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.4%

The stock has a 50 day moving average of $18.72 and a two-hundred day moving average of $19.02.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TIPX. Hyundai Investments Co. Ltd. boosted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 159.3% during the second quarter. Hyundai Investments Co. Ltd. now owns 30,278 shares of the company’s stock valued at $574,000 after acquiring an additional 18,599 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 13.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 76,227 shares of the company’s stock worth $1,443,000 after purchasing an additional 8,816 shares during the last quarter. Continuum Advisory LLC boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 2.6% during the 2nd quarter. Continuum Advisory LLC now owns 314,784 shares of the company’s stock valued at $5,959,000 after purchasing an additional 7,839 shares during the period. Avant Capital LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at approximately $119,000. Finally, First PREMIER Bank bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at approximately $1,085,000.

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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