PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 52-Week Low – Here’s What Happened

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 Monday . The stock traded as low as $49.03 and last traded at $49.0670, with a volume of 5759 shares. The stock had previously closed at $49.21.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Up 0.1%

The stock has a fifty day moving average of $50.54 and a 200 day moving average of $51.53.

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

Several institutional investors and hedge funds have recently bought and sold shares of LTPZ. Ares Financial Consulting LLC boosted its holdings in shares of 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 valued at $3,458,000 after acquiring an additional 11,084 shares during the last quarter. Essential Partners LLC raised its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the first 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 last quarter. Torren Management LLC lifted 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 purchasing an additional 3,633 shares during the period. WFA of San Diego LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the fourth quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at $235,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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.