PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 1-Year Low – Time to Sell?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) shares hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $44.55 and last traded at $44.5950, with a volume of 206846 shares changing hands. The stock had previously closed at $44.90.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.5%

The company’s 50 day simple moving average is $47.33 and its 200 day simple moving average is $49.49.

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

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