Sonoma Allocations LLC Has $2.70 Million Position in SPDR Bloomberg 1-10 Year TIPS ETF $TIPX

Sonoma Allocations LLC lowered its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) by 28.3% during the second quarter, Holdings Channel reports. The fund owned 144,049 shares of the company’s stock after selling 56,735 shares during the period. SPDR Bloomberg 1-10 Year TIPS ETF makes up approximately 1.0% of Sonoma Allocations LLC’s holdings, making the stock its 22nd biggest holding. Sonoma Allocations LLC’s holdings in SPDR Bloomberg 1-10 Year TIPS ETF were worth $2,702,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter worth about $210,000. NewEdge Advisors LLC grew its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 3.9% during the second quarter. NewEdge Advisors LLC now owns 157,151 shares of the company’s stock valued at $3,008,000 after purchasing an additional 5,906 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 6.7% in the second quarter. Raymond James Financial Inc. now owns 83,507 shares of the company’s stock valued at $1,598,000 after purchasing an additional 5,243 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter valued at approximately $394,000. Finally, Orion Porfolio Solutions LLC raised its position in SPDR Bloomberg 1-10 Year TIPS ETF by 54.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,066 shares of the company’s stock worth $480,000 after purchasing an additional 8,850 shares during the last quarter.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

TIPX stock opened at $18.61 on Friday. The company has a 50 day moving average price of $18.81 and a 200 day moving average price of $19.07. SPDR Bloomberg 1-10 Year TIPS ETF has a fifty-two week low of $18.57 and a fifty-two week high of $19.41.

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.