SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw unusually-high trading volume on Friday . 876,708 shares were traded during trading, an increase of 159% from the previous session’s volume of 338,671 shares.The stock last traded at $18.94 and had previously closed at $18.90.

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

The stock has a 50 day moving average price of $19.11 and a two-hundred day moving average price of $19.15.

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

Several hedge funds and other institutional investors have 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.

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.