PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sets New 12-Month Low – Here’s Why

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $52.79 and last traded at $52.80, with a volume of 196354 shares traded. The stock had previously closed at $53.34.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Performance

The firm’s 50 day simple moving average is $53.80 and its 200 day simple moving average is $53.89.

Institutional Trading of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% in the second quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $99,000 after purchasing an additional 1,059 shares during the period. Captrust Financial Advisors lifted its position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% during the 2nd quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock valued at $2,577,000 after buying an additional 28,493 shares in the last quarter. Arkos Global Advisors purchased a new position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at approximately $232,000. KERR FINANCIAL PLANNING Corp acquired a new stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter valued at $254,000. Finally, Arbor Investment Advisors LLC grew its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 6.5% in the 4th quarter. Arbor Investment Advisors LLC now owns 94,534 shares of the company’s stock valued at $5,073,000 after acquiring an additional 5,795 shares during the period. 75.17% of the stock is owned by institutional investors and hedge funds.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile

PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index is an unmanaged index comprised of the United States Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than five years.