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

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) reached a new 52-week low on Tuesday . The company traded as low as $48.63 and last traded at $48.7050, with a volume of 7748 shares trading hands. The stock had previously closed at $49.19.

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

The stock’s 50-day moving average is $50.35 and its two-hundred day moving average is $51.43.

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 modified their holdings of the business. Eagle Bay Advisors LLC bought a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at $29,000. WFA of San Diego LLC lifted its position in shares of 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 worth $35,000 after purchasing an additional 400 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% during the third quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock valued at $186,000 after purchasing an additional 1,000 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at $235,000. Finally, Essential Partners LLC grew its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in 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. 39.71% of the stock is owned by institutional investors.

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.