PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 1-Year Low – Here’s What Happened

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ)’s share price reached a new 52-week low on Monday . The stock traded as low as $47.06 and last traded at $47.2290, with a volume of 218347 shares changing hands. The stock had previously closed at $47.19.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Down 0.3%

The business’s fifty day moving average price is $48.18 and its 200-day moving average price is $50.18.

Institutional Investors Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

Several hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC raised its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock worth $387,000 after purchasing an additional 371 shares during the period. Torren Management LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the first quarter. Torren Management LLC now owns 56,485 shares of the company’s stock valued at $2,882,000 after buying an additional 3,633 shares during the period. Finally, Ares Financial Consulting LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock valued at $3,458,000 after buying an additional 11,084 shares during the period. Institutional investors own 39.71% of the company’s stock.

About PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

PIMCO 15+ Year US TIPS Index ETF (the Fund), formerly PIMCO 15+ Year U.S. TIPS Index Fund, is an exchange-traded fund. The investment objective of the Fund is provide total return that closely corresponds to the total return of The BofA Merrill Lynch 15+ Year US Inflation-Linked Treasury Index (the Underlying Index). The Fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (Component Securities) of the Underlying Index.