PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 1-Year Low – What’s Next?

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) reached a new 52-week low during trading on Tuesday . The stock traded as low as $48.63 and last traded at $48.7050, with a volume of 7748 shares. The stock had previously closed at $49.19.

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

The business’s fifty day moving average is $50.26 and its two-hundred day moving average is $51.39.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Ares Financial Consulting LLC boosted its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock valued at $3,458,000 after purchasing an additional 11,084 shares during the period. Hirtle Callaghan & Co LLC raised its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock valued at $3,472,000 after purchasing an additional 8,267 shares in the last quarter. Torren Management LLC raised its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the 1st quarter. Torren Management LLC now owns 56,485 shares of the company’s stock valued at $2,882,000 after purchasing an additional 3,633 shares in the last quarter. Greenline Partners LLC lifted its holdings in shares of 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 during the period. Finally, Essential Partners LLC lifted its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock worth $387,000 after buying an additional 371 shares during the period. Institutional investors own 39.71% of the company’s stock.

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.