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

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $18.56 and last traded at $18.5650, with a volume of 512179 shares trading hands. The stock had previously closed at $18.60.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Down 0.2%

The stock has a fifty day moving average price of $18.67 and a 200 day moving average price of $18.99.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter worth about $210,000. NewEdge Advisors LLC raised its position in SPDR Bloomberg 1-10 Year TIPS ETF by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 157,151 shares of the company’s stock worth $3,008,000 after purchasing an additional 5,906 shares during the period. Raymond James Financial Inc. raised its position in SPDR Bloomberg 1-10 Year TIPS ETF by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 83,507 shares of the company’s stock worth $1,598,000 after purchasing an additional 5,243 shares during the period. Modern Wealth Management LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter worth about $394,000. Finally, Orion Porfolio Solutions LLC lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 54.6% in the second 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 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.