PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 12-Month Low – Time to Sell?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $49.62 and last traded at $49.54, with a volume of 18116 shares changing hands. The stock had previously closed at $49.80.

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

The firm has a fifty day moving average of $50.83 and a 200 day moving average of $51.65.

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

A number of institutional investors have recently made changes to their positions in LTPZ. Greenline Partners LLC grew its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% during the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after purchasing an additional 2,190 shares during the period. IFP Advisors Inc lifted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the 3rd quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after purchasing an additional 1,000 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth approximately $29,000. Ares Financial Consulting LLC purchased a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth approximately $3,102,000. Finally, Torren Management LLC purchased a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth approximately $2,735,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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

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.