SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sets 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 trading on Thursday . The company traded as low as $18.70 and last traded at $18.70, with a volume of 20001 shares traded. The stock had previously closed at $18.75.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

The company’s 50 day moving average price is $19.03 and its two-hundred day moving average price is $19.13.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in SPDR Bloomberg 1-10 Year TIPS ETF in the first quarter worth about $35,000. Qube Research & Technologies Ltd grew its position 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 during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter worth approximately $53,000. PNC Financial Services Group Inc. lifted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,846 shares of the company’s stock valued at $112,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter valued at approximately $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.