PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Sets New 52-Week Low – Here’s Why

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) shares reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $51.74 and last traded at $51.7250, with a volume of 8,059 shares changing hands. The stock had previously closed at $52.05.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Down 0.4%

The business has a fifty day moving average price of $52.20 and a 200 day moving average price of $53.26.

Institutional Investors 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. Diversified Trust Co bought a new stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the company’s stock, valued at approximately $311,000. Diversified Trust Co owned about 0.05% of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 75.17% of the company’s stock.

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

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.