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

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $18.57 and last traded at $18.58, with a volume of 143267 shares changing hands. The stock had previously closed at $18.66.

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

The firm’s 50-day moving average price is $18.71 and its two-hundred day moving average price is $19.02.

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

Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 4.2% in the 4th quarter. State Street Corp now owns 55,696,115 shares of the company’s stock valued at $1,062,682,000 after purchasing an additional 2,231,794 shares during the period. LPL Financial LLC grew its position in SPDR Bloomberg 1-10 Year TIPS ETF by 2.9% in the fourth quarter. LPL Financial LLC now owns 2,569,385 shares of the company’s stock valued at $49,024,000 after acquiring an additional 71,359 shares during the period. Bank of America Corp DE raised its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% during the first quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock worth $18,947,000 after acquiring an additional 760,257 shares in the last quarter. Brio Consultants LLC lifted its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 6.5% during the fourth quarter. Brio Consultants LLC now owns 946,670 shares of the company’s stock valued at $18,062,000 after acquiring an additional 58,106 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 16.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 865,524 shares of the company’s stock valued at $16,514,000 after purchasing an additional 120,184 shares in the last quarter.

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.