PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Large Volume Increase – Here’s Why

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw an uptick in trading volume on Tuesday . Approximately 347,872 shares changed hands during trading, an increase of 158% from the previous session’s volume of 134,694 shares.The stock last traded at $47.44 and had previously closed at $47.17.

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

The stock’s 50 day simple moving average is $49.28 and its two-hundred day simple moving average is $50.87.

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

Several institutional investors have recently added to or reduced their stakes in the business. Greenline Partners LLC increased its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock worth $1,566,000 after buying an additional 2,190 shares in the last quarter. Ares Financial Consulting LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at $3,102,000. Torren Management LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at $2,735,000. Hirtle Callaghan & Co LLC boosted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock worth $3,472,000 after buying an additional 8,267 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth $235,000. 39.71% of the stock is currently owned by hedge funds and other 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.