SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sets New 12-Month Low – What’s Next?

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) hit a new 52-week low on Thursday . The stock traded as low as $18.70 and last traded at $18.70, with a volume of 20001 shares traded. The stock had previously closed at $18.75.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

The company has a 50-day moving average of $19.03 and a 200-day moving average of $19.13.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at $35,000. Qube Research & Technologies Ltd raised its stake 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 worth $42,000 after acquiring an additional 1,953 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter worth about $53,000. PNC Financial Services Group Inc. grew its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock valued at $112,000 after purchasing an additional 1,489 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at about $119,000.

SPDR Bloomberg 1-10 Year TIPS ETF Company Profile

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.