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

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw unusually-strong trading volume on Wednesday. 2,862,412 shares traded hands during trading, an increase of 677% from the previous session’s volume of 368,262 shares. The stock last traded at $18.2150 and had previously closed at $18.19.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

The business’s 50 day moving average is $18.55 and its two-hundred day moving average is $18.89.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth about $35,000. Integrated Wealth Concepts LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at approximately $45,000. Turtle Creek Wealth Advisors LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter worth approximately $53,000. Brown Lisle Cummings Inc. lifted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 359.9% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 4,433 shares of the company’s stock worth $84,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter worth approximately $119,000.

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.