SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Sees Large Volume Increase – Should You Buy?

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) saw an uptick in trading volume on Monday. Approximately 447,491 shares changed hands during trading, an increase of 15% from the average daily volume of 389,402 shares. The stock last traded at $18.4850 and had previously closed at $18.52.

SPDR Bloomberg 1-10 Year TIPS ETF Stock Performance

The stock’s 50-day moving average is $18.41 and its 200 day moving average is $18.88.

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

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 11.3% during 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. Envestnet Asset Management Inc. increased its position in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 11.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,021,257 shares of the company’s stock valued at $19,332,000 after acquiring an additional 107,726 shares during the period. Bank of America Corp DE raised its stake in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 334.8% in the first quarter. Bank of America Corp DE now owns 987,334 shares of the company’s stock worth $18,947,000 after purchasing an additional 760,257 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in SPDR Bloomberg 1-10 Year TIPS ETF by 11.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 852,862 shares of the company’s stock worth $16,145,000 after buying an additional 86,947 shares during the last quarter. Finally, Oarsman Capital Inc. purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF during the second quarter worth $11,046,000.

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.