PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Strong Trading Volume – Still a Buy?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw unusually-high trading volume on Monday . Approximately 265,711 shares traded hands during mid-day trading, an increase of 84% from the previous session’s volume of 144,037 shares.The stock last traded at $48.2350 and had previously closed at $47.76.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.9%

The company has a 50 day simple moving average of $48.97 and a two-hundred day simple moving average of $50.71.

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

Several hedge funds have recently modified their holdings of LTPZ. WFA of San Diego LLC boosted its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the fourth quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at $235,000. Essential Partners LLC increased its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after acquiring an additional 371 shares during the last quarter. Greenline Partners LLC lifted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock worth $1,566,000 after purchasing an additional 2,190 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter worth $2,735,000. Hedge funds and other institutional investors own 39.71% of the company’s stock.

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

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.