The Manufacturers Life Insurance Company Makes New $1.48 Million Investment in SPDR Bloomberg 1-10 Year TIPS ETF $TIPX

The Manufacturers Life Insurance Company purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 78,300 shares of the company’s stock, valued at approximately $1,482,000.

Several other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at approximately $35,000. Integrated Wealth Concepts LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the second quarter valued at approximately $45,000. Turtle Creek Wealth Advisors LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter valued at approximately $53,000. Brown Lisle Cummings Inc. grew its position in SPDR Bloomberg 1-10 Year TIPS ETF by 359.9% in the second quarter. Brown Lisle Cummings Inc. now owns 4,433 shares of the company’s stock worth $84,000 after acquiring an additional 3,469 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth approximately $119,000.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

Shares of TIPX opened at $18.41 on Tuesday. The company’s fifty day moving average is $18.65 and its 200-day moving average is $18.96. SPDR Bloomberg 1-10 Year TIPS ETF has a 12 month low of $18.41 and a 12 month high of $19.41.

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.