PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Strong Trading Volume – Should You Buy?

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw unusually-strong trading volume on Tuesday . Approximately 161,401 shares were traded during trading, an increase of 80% from the previous session’s volume of 89,698 shares.The stock last traded at $51.13 and had previously closed at $50.78.

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

The business has a 50-day moving average price of $51.31 and a 200-day moving average price of $52.09.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in LTPZ. Bessemer Group Inc. bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth $27,000. Eagle Bay Advisors LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter worth $29,000. WFA of San Diego LLC lifted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock worth $35,000 after purchasing an additional 400 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter worth $235,000. 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.