PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sets New 12-Month Low – Should You Sell?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) shares reached a new 52-week low during trading on Monday . The company traded as low as $47.51 and last traded at $47.5590, with a volume of 115349 shares changing hands. The stock had previously closed at $47.67.

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

The company’s fifty day simple moving average is $49.34 and its 200 day simple moving average is $50.91.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at $3,102,000. Torren Management LLC purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at about $2,735,000. Hirtle Callaghan & Co LLC grew its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% during the fourth quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock valued at $3,472,000 after buying an additional 8,267 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter valued at $235,000. Finally, Greenline Partners LLC boosted its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% during the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after acquiring an additional 2,190 shares during the last quarter. Hedge funds and other 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.