SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Unusually-High Trading Volume – Still a Buy?

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) shares saw an uptick in trading volume on Monday . 576,962 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 317,045 shares.The stock last traded at $19.14 and had previously closed at $19.17.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The firm has a fifty day moving average of $19.22 and a 200-day moving average of $19.20.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Large investors have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd increased its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% in the 3rd 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 acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the third quarter valued at about $43,000. Jones Financial Companies Lllp grew its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 62.5% during the third quarter. Jones Financial Companies Lllp now owns 2,529 shares of the company’s stock valued at $49,000 after acquiring an additional 973 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock valued at $112,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Scotia Capital Inc. acquired a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the third quarter valued at about $193,000.

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.