PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sets New 12-Month High – Time to Buy?

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.04 and last traded at $53.03, with a volume of 16509 shares changing hands. The stock had previously closed at $52.96.

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

The firm’s 50-day simple moving average is $52.59 and its 200-day simple moving average is $52.51.

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

Large investors have recently added to or reduced their stakes in the stock. Summit Financial LLC boosted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.8% in the 4th quarter. Summit Financial LLC now owns 22,045 shares of the company’s stock valued at $1,154,000 after buying an additional 605 shares during the period. TIAA Trust National Association increased its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 136.2% during the fourth quarter. TIAA Trust National Association now owns 488,640 shares of the company’s stock valued at $25,555,000 after buying an additional 281,727 shares during the period. Jones Financial Companies Lllp increased its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 397.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,937 shares of the company’s stock valued at $154,000 after buying an additional 2,346 shares during the period. Arbor Investment Advisors LLC raised its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 5.7% in the fourth quarter. Arbor Investment Advisors LLC now owns 86,799 shares of the company’s stock worth $4,540,000 after buying an additional 4,712 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 68.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 6,270 shares of the company’s stock valued at $331,000 after acquiring an additional 2,554 shares in the last quarter.

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

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.