SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Large Volume Increase – Should You Buy?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) shares saw strong trading volume on Monday . 430,888 shares were traded during trading, an increase of 80% from the previous session’s volume of 239,385 shares.The stock last traded at $19.33 and had previously closed at $19.31.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company’s 50 day moving average is $19.19 and its two-hundred day moving average is $19.22.

SPDR Bloomberg 1-10 Year TIPS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.011 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TIPX. Balboa Wealth Partners boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 2.9% during the fourth quarter. Balboa Wealth Partners now owns 19,297 shares of the company’s stock worth $368,000 after buying an additional 535 shares in the last quarter. Signal Advisors Wealth LLC raised its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 2.4% in the 4th quarter. Signal Advisors Wealth LLC now owns 23,061 shares of the company’s stock valued at $440,000 after buying an additional 544 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% during the 4th quarter. Brookstone Capital Management now owns 54,962 shares of the company’s stock worth $1,049,000 after acquiring an additional 607 shares during the period. Truist Financial Corp lifted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% during the 4th quarter. Truist Financial Corp now owns 55,781 shares of the company’s stock worth $1,064,000 after acquiring an additional 624 shares during the period. Finally, Breakwater Capital Group boosted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 2.0% during the 4th quarter. Breakwater Capital Group now owns 36,067 shares of the company’s stock valued at $688,000 after acquiring an additional 692 shares in the last quarter.

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.