PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Stock Price Down 1.2% – Here’s Why

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZGet Free Report) shares were down 1.2% on Tuesday . The stock traded as low as $51.40 and last traded at $51.48. Approximately 179,912 shares changed hands during trading, an increase of 129% from the average daily volume of 78,559 shares. The stock had previously closed at $52.09.

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

The business’s 50 day simple moving average is $52.39 and its 200-day simple moving average is $52.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the third quarter worth $27,000. Salomon & Ludwin LLC acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 2nd quarter worth $73,000. IFP Advisors Inc lifted its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% during the 3rd quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after buying an additional 1,000 shares during the last quarter. Finally, Greenline Partners LLC lifted its position 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 worth $1,566,000 after buying an additional 2,190 shares during the last quarter. 39.71% of the stock is currently owned by institutional investors and hedge funds.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Company Profile

(Get Free Report)

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.

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