PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sets New 12-Month Low – Here’s What Happened

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) reached a new 52-week low during trading on Monday . The company traded as low as $49.03 and last traded at $49.0670, with a volume of 5759 shares traded. The stock had previously closed at $49.21.

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

The business’s 50 day moving average price is $50.63 and its two-hundred day moving average price is $51.57.

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

Institutional investors have recently added to or reduced their stakes in the company. Ares Financial Consulting LLC lifted 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 buying an additional 11,084 shares during the period. Hirtle Callaghan & Co LLC grew its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock worth $3,472,000 after acquiring an additional 8,267 shares during the period. Torren Management LLC grew its holdings in 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 acquiring an additional 3,633 shares during the period. Greenline Partners LLC raised its position 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 worth $1,566,000 after acquiring an additional 2,190 shares in the last quarter. Finally, Essential Partners LLC lifted its holdings in 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 valued at $387,000 after acquiring an additional 371 shares during the last quarter. 39.71% of the stock is currently 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.