PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 52-Week Low – What’s Next?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.80 and last traded at $50.99, with a volume of 132952 shares changing hands. The stock had previously closed at $51.10.

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

The stock’s 50-day moving average is $53.51 and its 200 day moving average is $55.20.

Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at approximately $479,000. Brown Brothers Harriman & Co. acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at approximately $615,000. Finally, Great Lakes Retirement Inc. increased its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 68.5% in the third quarter. Great Lakes Retirement Inc. now owns 20,393 shares of the company’s stock valued at $1,178,000 after purchasing an additional 8,289 shares during the period.

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).