SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Shares Cross Below Fifty Day Moving Average – Here’s Why

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $18.38 and traded as low as $18.28. SPDR Bloomberg 1-10 Year TIPS ETF shares last traded at $18.31, with a volume of 226,215 shares.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Down 0.4%

The firm’s 50-day moving average is $18.38 and its 200 day moving average is $18.86.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Several institutional investors and hedge funds have recently made changes to their positions in TIPX. State Street Corp grew its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% during the 2nd quarter. State Street Corp now owns 59,157,599 shares of the company’s stock valued at $1,119,853,000 after acquiring an additional 6,023,466 shares during the period. Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,021,257 shares of the company’s stock valued at $19,332,000 after purchasing an additional 107,726 shares during the last quarter. Bank of America Corp DE lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% in the first quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock valued at $18,947,000 after purchasing an additional 760,257 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 852,862 shares of the company’s stock valued at $16,145,000 after purchasing an additional 86,947 shares during the period. Finally, Oarsman Capital Inc. bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter valued at $11,046,000.

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.