SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) Reaches New 52-Week Low – Time to Sell?

Shares of SPDR Bloomberg 1-10 Year TIPS ETF (NYSEARCA:TIPX) reached a new 52-week low on Wednesday . The stock traded as low as $18.74 and last traded at $18.75, with a volume of 2192 shares trading hands. The stock had previously closed at $18.96.

SPDR Bloomberg 1-10 Year TIPS ETF Trading Up 0.1%

The company’s fifty day simple moving average is $19.07 and its 200-day simple moving average is $19.14.

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

A number of hedge funds and other institutional investors have recently modified their holdings of TIPX. Geneos Wealth Management Inc. purchased a new position in SPDR Bloomberg 1-10 Year TIPS ETF during the first quarter valued at approximately $35,000. Qube Research & Technologies Ltd boosted its position in SPDR Bloomberg 1-10 Year TIPS ETF by 943.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,160 shares of the company’s stock valued at $42,000 after acquiring an additional 1,953 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in SPDR Bloomberg 1-10 Year TIPS ETF during the 1st quarter valued at $53,000. PNC Financial Services Group Inc. increased its holdings in shares of SPDR Bloomberg 1-10 Year TIPS ETF by 34.2% in the 4th 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 period. Finally, Western Wealth Management LLC purchased a new position in shares of SPDR Bloomberg 1-10 Year TIPS ETF in the 1st quarter valued at $119,000.

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.