PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Unusually-High Trading Volume – Should You Buy?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) shares saw unusually-high trading volume on Monday . Approximately 265,711 shares were traded during mid-day trading, an increase of 84% from the previous session’s volume of 144,037 shares.The stock last traded at $48.2350 and had previously closed at $47.76.

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

The firm has a 50 day moving average of $49.07 and a 200-day moving average of $50.76.

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

A number of institutional investors have recently modified their holdings of LTPZ. WFA of San Diego LLC increased its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in 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 period. Atlas Capital Advisors Inc. bought a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter worth about $235,000. Essential Partners LLC lifted its position in 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 period. Greenline Partners LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% during 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 period. Finally, Torren Management LLC acquired a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter worth about $2,735,000. 39.71% of the stock is currently owned by institutional investors.

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). 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.