PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Hits New 12-Month Low – Here’s Why

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZGet Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $49.75 and last traded at $49.6830, with a volume of 56206 shares. The stock had previously closed at $50.17.

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

The company’s 50-day moving average is $51.50 and its 200-day moving average is $52.21.

Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

A number of hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth $27,000. Eagle Bay Advisors LLC bought a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth $29,000. WFA of San Diego LLC increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in the fourth quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock worth $35,000 after buying an additional 400 shares during the last quarter. IFP Advisors Inc increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the third quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after buying an additional 1,000 shares during the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth $235,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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

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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.

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