SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Strong Trading Volume – Still a Buy?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX – Get Free Report) saw an uptick in trading volume on Monday. 447,491 shares were traded during trading, an increase of 15% from the average daily volume of 389,402 shares. The stock last traded at $18.4850 and had previously closed at $18.52.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The business’s fifty day moving average price is $18.41 and its two-hundred day moving average price is $18.89.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% in the second quarter. State Street Corp now owns 59,157,599 shares of the company’s stock worth $1,119,853,000 after purchasing an additional 6,023,466 shares during the last quarter. Bank of America Corp DE increased its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% during 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 in the last quarter. Oarsman Capital Inc. acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth $11,046,000. McIlrath & Eck LLC purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at $4,607,000. Finally, JNBA Financial Advisors purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at $2,808,000.

About SPDR Bloomberg 1-10 Year TIPS ETF

(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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