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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZGet Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $46.93 and last traded at $46.8790, with a volume of 282071 shares trading hands. The stock had previously closed at $47.41.

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

The company’s 50 day moving average is $48.00 and its two-hundred day moving average is $49.97.

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

Hedge funds have recently modified their holdings of the company. Ares Financial Consulting LLC increased its position 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 valued at $3,458,000 after purchasing an additional 11,084 shares during the period. Essential Partners LLC raised its stake in shares of 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 purchasing an additional 371 shares in the last quarter. Finally, Torren Management LLC lifted its position 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 during the period. Institutional investors own 39.71% of the company’s stock.

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

(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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