SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Hits New 52-Week Low – What’s Next?

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $18.56 and last traded at $18.5650, with a volume of 512179 shares. The stock had previously closed at $18.60.

SPDR Bloomberg 1-10 Year TIPS ETF Price Performance

The company has a 50-day moving average price of $18.67 and a 200 day moving average price of $18.99.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. purchased a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth about $35,000. Qube Research & Technologies Ltd grew its stake in shares of 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 buying an additional 1,953 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter worth about $45,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter worth about $53,000. Finally, Brown Lisle Cummings Inc. raised its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 359.9% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 4,433 shares of the company’s stock valued at $84,000 after buying an additional 3,469 shares in the last quarter.

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.