PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sets New 1-Year Low – What’s Next?

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ)’s stock price reached a new 52-week low on Monday . The company traded as low as $52.50 and last traded at $52.52, with a volume of 14020 shares changing hands. The stock had previously closed at $52.54.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Price Performance

The stock has a 50-day moving average of $52.84 and a 200 day moving average of $53.60.

Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Hedge funds have recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. bought a new stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the 2nd quarter worth approximately $221,000. Captrust Financial Advisors increased its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 1.3% in the third quarter. Captrust Financial Advisors now owns 48,536 shares of the company’s stock valued at $2,630,000 after acquiring an additional 638 shares during the last quarter. JPMorgan Chase & Co. increased its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% in the second quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $99,000 after acquiring an additional 1,059 shares during the last quarter. Arbor Investment Advisors LLC raised its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the first quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock valued at $5,217,000 after purchasing an additional 1,889 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% during the fourth quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock worth $978,000 after purchasing an additional 803 shares during the last quarter. 75.17% of the stock is owned by institutional investors.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile

PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index is an unmanaged index comprised of the United States Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than five years.