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) hit a new 52-week low on Wednesday . The company traded as low as $48.16 and last traded at $48.2730, with a volume of 141207 shares changing hands. The stock had previously closed at $48.64.

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

The stock has a 50-day moving average of $50.11 and a two-hundred day moving average of $51.29.

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

A number of hedge funds have recently made changes to their positions in LTPZ. Eagle Bay Advisors LLC purchased a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at $29,000. WFA of San Diego LLC raised its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in the 4th 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 period. Atlas Capital Advisors Inc. purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth $235,000. Essential Partners LLC lifted its stake in 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. Finally, Greenline Partners LLC lifted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the third quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock worth $1,566,000 after purchasing an additional 2,190 shares during the last quarter. 39.71% of the stock is currently 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.