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

Shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $52.48 and last traded at $52.4650, with a volume of 21123 shares changing hands. The stock had previously closed at $52.57.

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

The firm has a 50 day simple moving average of $52.72 and a 200-day simple moving average of $53.50.

Institutional Trading of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

A number of institutional investors have recently bought and sold shares of STPZ. JPMorgan Chase & Co. grew its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% during the second quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock worth $99,000 after buying an additional 1,059 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 2nd quarter valued at about $221,000. TD Private Client Wealth LLC raised its position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock valued at $978,000 after buying an additional 803 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% during the 2nd quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock worth $2,577,000 after acquiring an additional 28,493 shares during the period. Finally, Arbor Investment Advisors LLC lifted its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the 1st quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock worth $5,217,000 after acquiring an additional 1,889 shares during the period. 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.