SPDR Bloomberg Barclays 1-10 Year TIPS ETF (NYSEARCA:TIPX) Reaches New 1-Year High – Should You Buy?

SPDR Bloomberg Barclays 1-10 Year TIPS ETF (NYSEARCA:TIPX)’s stock price hit a new 52-week high during trading on Saturday . The stock traded as high as $19.03 and last traded at $19.02, with a volume of 583291 shares traded. The stock had previously closed at $18.93.

SPDR Bloomberg Barclays 1-10 Year TIPS ETF Stock Up 0.5 %

The business’s 50-day moving average is $18.65 and its two-hundred day moving average is $18.71.

Institutional Trading of SPDR Bloomberg Barclays 1-10 Year TIPS ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. increased its stake in SPDR Bloomberg Barclays 1-10 Year TIPS ETF by 2.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 214,283 shares of the company’s stock valued at $3,962,000 after purchasing an additional 5,470 shares during the period. Lynx Investment Advisory grew its holdings in shares of SPDR Bloomberg Barclays 1-10 Year TIPS ETF by 21.4% during the fourth quarter. Lynx Investment Advisory now owns 40,946 shares of the company’s stock worth $757,000 after buying an additional 7,209 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in SPDR Bloomberg Barclays 1-10 Year TIPS ETF in the 4th quarter valued at about $25,000. Golden State Wealth Management LLC purchased a new stake in SPDR Bloomberg Barclays 1-10 Year TIPS ETF during the 4th quarter valued at approximately $33,000. Finally, ST Germain D J Co. Inc. lifted its position in SPDR Bloomberg Barclays 1-10 Year TIPS ETF by 4.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,026,656 shares of the company’s stock worth $18,983,000 after acquiring an additional 46,129 shares during the period.

About SPDR Bloomberg Barclays 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.