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

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) reached a new 52-week low on Monday. The company traded as low as $18.20 and last traded at $18.2250, with a volume of 38680 shares trading hands. The stock had previously closed at $18.25.

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

The company’s 50 day moving average price is $18.57 and its two-hundred day moving average price is $18.90.

Hedge Funds Weigh In On SPDR Bloomberg 1-10 Year TIPS ETF

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% in the second quarter. State Street Corp now owns 59,157,599 shares of the company’s stock worth $1,119,853,000 after buying an additional 6,023,466 shares during the period. Bank of America Corp DE boosted its holdings in SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% during the 1st quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock valued at $18,947,000 after acquiring an additional 760,257 shares during the period. Oarsman Capital Inc. purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 2nd quarter valued at $11,046,000. McIlrath & Eck LLC purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at $4,607,000. Finally, JNBA Financial Advisors bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the 2nd quarter valued at $2,808,000.

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.