SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sets New 12-Month Low – Here’s What Happened

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $18.83 and last traded at $18.84, with a volume of 308312 shares changing hands. The stock had previously closed at $18.90.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Up 0.2%

The business’s fifty day simple moving average is $19.12 and its two-hundred day simple moving average is $19.15.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter valued at $210,000. NewEdge Advisors LLC boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 3.9% in the second quarter. NewEdge Advisors LLC now owns 157,151 shares of the company’s stock valued at $3,008,000 after acquiring an additional 5,906 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 6.7% during the second 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 last quarter. Modern Wealth Management LLC purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth about $394,000. Finally, Orion Porfolio Solutions LLC increased its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 54.6% during 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 in the last quarter.

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.