PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Hits New 1-Year High at $58.16

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) hit a new 52-week high on Wednesday . The stock traded as high as $58.16 and last traded at $58.16, with a volume of 5092 shares changing hands. The stock had previously closed at $57.69.

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

The stock’s fifty day moving average is $55.87 and its 200-day moving average is $54.81.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LTPZ. Aspect Partners LLC purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter valued at approximately $631,000. Covestor Ltd lifted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.2% during the 1st quarter. Covestor Ltd now owns 2,575 shares of the company’s stock worth $143,000 after acquiring an additional 196 shares in the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 2nd quarter valued at about $205,000.

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).