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

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.74 and last traded at $18.75, with a volume of 2192 shares traded. The stock had previously closed at $18.96.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company’s 50 day moving average is $19.09 and its two-hundred day moving average is $19.15.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Several institutional investors have recently modified their holdings of TIPX. Western Wealth Management LLC acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter valued at $119,000. Midwest Financial Network LLC increased its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 39.2% in the 1st quarter. Midwest Financial Network LLC now owns 20,269 shares of the company’s stock valued at $389,000 after buying an additional 5,703 shares during the period. Parallel Advisors LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at $1,116,000. NewEdge Advisors LLC raised its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 1.3% in the 1st quarter. NewEdge Advisors LLC now owns 174,104 shares of the company’s stock valued at $3,341,000 after buying an additional 2,183 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at $4,607,000.

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.