PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Large Volume Increase – Still a Buy?

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw an uptick in trading volume on Wednesday. 329,172 shares changed hands during trading, an increase of 40% from the previous session’s volume of 234,619 shares. The stock last traded at $46.6330 and had previously closed at $46.52.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Up 0.5%

The firm has a 50-day moving average of $46.88 and a 200 day moving average of $49.12.

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

A number of institutional investors and hedge funds have recently made changes to their positions in LTPZ. Ares Financial Consulting LLC boosted its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in the 2nd 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 last quarter. Torren Management LLC grew its stake in shares of 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 valued at $2,882,000 after buying an additional 3,633 shares in the last quarter. Finally, Essential Partners LLC increased its holdings in 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 worth $387,000 after buying an additional 371 shares during the last quarter. Institutional investors own 39.71% of the company’s stock.

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.