SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Hits New 12-Month Low – Here’s Why

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

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company has a 50-day moving average of $19.14 and a 200 day moving average of $19.16.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Institutional investors have recently bought and sold shares of the stock. Balboa Wealth Partners increased its position in SPDR Bloomberg 1-10 Year TIPS ETF by 2.9% during the fourth quarter. Balboa Wealth Partners now owns 19,297 shares of the company’s stock valued at $368,000 after acquiring an additional 535 shares during the last quarter. Signal Advisors Wealth LLC grew its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 2.4% during the 4th quarter. Signal Advisors Wealth LLC now owns 23,061 shares of the company’s stock valued at $440,000 after purchasing an additional 544 shares during the last quarter. Brookstone Capital Management raised its position in SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% in the 4th quarter. Brookstone Capital Management now owns 54,962 shares of the company’s stock worth $1,049,000 after purchasing an additional 607 shares during the period. Truist Financial Corp lifted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 1.1% in the fourth quarter. Truist Financial Corp now owns 55,781 shares of the company’s stock worth $1,064,000 after purchasing an additional 624 shares during the last quarter. Finally, Breakwater Capital Group boosted its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 2.0% during the fourth quarter. Breakwater Capital Group now owns 36,067 shares of the company’s stock valued at $688,000 after buying an additional 692 shares during the period.

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.