PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $46.76 and traded as low as $46.66. PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund shares last traded at $46.74, with a volume of 298,258 shares changing hands.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Down 0.8%

The company has a 50-day moving average of $46.76 and a 200-day moving average of $49.81.

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

A number of hedge funds have recently bought and sold shares of LTPZ. Torren Management LLC grew its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 82.9% in the 3rd quarter. Torren Management LLC now owns 37,317 shares of the company’s stock worth $1,683,000 after acquiring an additional 16,911 shares in the last quarter. Ares Financial Consulting LLC raised 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 last quarter. Finally, Essential Partners LLC lifted its position 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 purchasing an additional 371 shares in the last quarter. 39.71% of the stock is owned by hedge funds and other institutional investors.

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

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.