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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) shares saw strong trading volume on Wednesday. 1,986,540 shares were traded during mid-day trading, an increase of 712% from the average daily volume of 244,566 shares. The stock last traded at $47.4460 and had previously closed at $47.51.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.3%

The stock’s fifty day moving average price is $46.81 and its 200-day moving average price is $49.88.

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

A number of institutional investors have recently bought and sold shares of the business. Ares Financial Consulting LLC increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock worth $3,458,000 after purchasing an additional 11,084 shares during the period. Torren Management LLC increased its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% in the first quarter. Torren Management LLC now owns 56,485 shares of the company’s stock worth $2,882,000 after purchasing an additional 3,633 shares in the last quarter. Finally, Essential Partners LLC increased its holdings in shares of 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 valued at $387,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

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

(Get Free Report)

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.

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