JNBA Financial Advisors Invests $2.81 Million in SPDR Bloomberg 1-10 Year TIPS ETF $TIPX

JNBA Financial Advisors purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 148,319 shares of the company’s stock, valued at approximately $2,808,000. JNBA Financial Advisors owned about 0.14% of SPDR Bloomberg 1-10 Year TIPS ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TIPX. Flow Traders U.S. LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter valued at $210,000. NewEdge Advisors LLC boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 3.9% in the 2nd quarter. NewEdge Advisors LLC now owns 157,151 shares of the company’s stock worth $3,008,000 after purchasing an additional 5,906 shares in the last quarter. Raymond James Financial Inc. boosted its stake in SPDR Bloomberg 1-10 Year TIPS ETF by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 83,507 shares of the company’s stock worth $1,598,000 after purchasing an additional 5,243 shares in the last quarter. Modern Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at about $394,000. Finally, Orion Porfolio Solutions LLC grew its position in SPDR Bloomberg 1-10 Year TIPS ETF by 54.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,066 shares of the company’s stock valued at $480,000 after purchasing an additional 8,850 shares during the last quarter.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

NYSEARCA:TIPX opened at $18.58 on Monday. SPDR Bloomberg 1-10 Year TIPS ETF has a fifty-two week low of $18.57 and a fifty-two week high of $19.41. The firm has a 50-day simple moving average of $18.71 and a two-hundred day simple moving average of $19.02.

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.