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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZGet Free Report)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $47.66 and last traded at $47.74, with a volume of 352032 shares changing hands. The stock had previously closed at $48.00.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.5%

The stock’s fifty day simple moving average is $49.91 and its 200-day simple moving average is $51.18.

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

Several large investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at $29,000. WFA of San Diego LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at about $235,000. Essential Partners LLC boosted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after purchasing an additional 371 shares during the period. Finally, Greenline Partners LLC boosted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% during the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after purchasing an additional 2,190 shares during the period. 39.71% of the stock is owned by institutional investors and hedge funds.

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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