PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Hits New 52-Week Low – What’s Next?

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ – Get Free Report)’s share price hit a new 52-week low on Monday. The company traded as low as $51.79 and last traded at $51.7950, with a volume of 7854 shares traded. The stock had previously closed at $51.93.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Performance

The firm’s 50 day moving average price is $52.54 and its 200-day moving average price is $53.35.

Hedge Funds Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

A hedge fund recently bought a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund stock. Canandaigua National Bank & Trust Co. purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,150 shares of the company’s stock, valued at approximately $221,000. 75.17% of the stock is owned by hedge funds and other institutional investors.

About PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

(Get Free Report)

PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index is an unmanaged index comprised of the United States Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than five years.

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