Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $18.41 and last traded at $18.41, with a volume of 226195 shares. The stock had previously closed at $18.42.
SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.4%
The company’s fifty day simple moving average is $18.63 and its 200 day simple moving average is $18.95.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in TIPX. The Manufacturers Life Insurance Company bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter valued at approximately $1,482,000. Integrated Wealth Concepts LLC bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter worth $45,000. RFG Advisory LLC raised its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 4.5% in the second quarter. RFG Advisory LLC now owns 24,170 shares of the company’s stock worth $458,000 after purchasing an additional 1,032 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 9.0% during the second quarter. NewEdge Advisors LLC now owns 189,782 shares of the company’s stock valued at $3,593,000 after buying an additional 15,678 shares during the period. Finally, IFP Advisors Inc lifted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 133.1% during the second quarter. IFP Advisors Inc now owns 7,851 shares of the company’s stock valued at $149,000 after buying an additional 4,483 shares during the period.
About SPDR Bloomberg 1-10 Year TIPS ETF
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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