PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Hits New 12-Month Low – Should You Sell?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $49.62 and last traded at $49.54, with a volume of 18116 shares traded. The stock had previously closed at $49.80.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.4%

The business has a fifty day moving average of $50.73 and a 200 day moving average of $51.61.

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

A number of institutional investors have recently made changes to their positions in the business. Torren Management LLC grew its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the first quarter. Torren Management LLC now owns 56,485 shares of the company’s stock worth $2,882,000 after buying an additional 3,633 shares in the last quarter. IFP Advisors Inc increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the third quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after buying an additional 1,000 shares during the last quarter. Essential Partners LLC raised its holdings 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 valued at $387,000 after acquiring an additional 371 shares in the last quarter. Greenline Partners LLC raised its holdings 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 valued at $1,566,000 after acquiring an additional 2,190 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at $235,000. 39.71% of the stock is owned by institutional investors and hedge funds.

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.