PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Hits New 12-Month Low – Here’s Why

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $45.15 and last traded at $45.36, with a volume of 795348 shares changing hands. The stock had previously closed at $45.83.

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

The business has a 50-day moving average of $47.61 and a 200-day moving average of $49.69.

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

Institutional investors have recently made changes to their positions in the company. Torren Management LLC grew its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the 1st quarter. Torren Management LLC now owns 56,485 shares of the company’s stock valued at $2,882,000 after purchasing an additional 3,633 shares during the last quarter. Ares Financial Consulting LLC raised its position in 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 worth $3,458,000 after purchasing an additional 11,084 shares during the period. Finally, Essential Partners LLC lifted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the first quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock worth $387,000 after purchasing 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.