SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Reaches New 52-Week Low – Here’s Why

SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $18.58 and last traded at $18.58, with a volume of 7174 shares. The stock had previously closed at $18.72.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Up 0.2%

The firm has a 50-day moving average price of $18.84 and a 200 day moving average price of $19.08.

Institutional Trading of SPDR Bloomberg 1-10 Year TIPS ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TIPX. KWB Wealth purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth approximately $301,000. Breakwater Capital Group boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.4% in the 2nd quarter. Breakwater Capital Group now owns 60,437 shares of the company’s stock valued at $1,144,000 after purchasing an additional 15,475 shares in the last quarter. Midwest Financial Network LLC grew its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 37.1% during the 2nd quarter. Midwest Financial Network LLC now owns 27,785 shares of the company’s stock valued at $526,000 after purchasing an additional 7,516 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at $264,000. Finally, Western Wealth Management LLC bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at $119,000.

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.