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

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

SPDR Bloomberg 1-10 Year TIPS ETF Trading Down 0.3%

The firm has a fifty day simple moving average of $19.14 and a 200 day simple moving average of $19.16.

Hedge Funds Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

Several institutional investors have recently made changes to their positions in TIPX. Geneos Wealth Management Inc. bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at about $35,000. Qube Research & Technologies Ltd boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% during the third quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock valued at $42,000 after purchasing an additional 1,953 shares in the last quarter. Ballast Advisors LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the third quarter valued at approximately $43,000. Turtle Creek Wealth Advisors LLC bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth approximately $53,000. Finally, PNC Financial Services Group Inc. raised its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock worth $112,000 after buying an additional 1,489 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.