PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) saw an uptick in trading volume on Friday. 1,977,023 shares traded hands during trading, an increase of 665% from the average daily volume of 258,561 shares. The stock last traded at $47.0760 and had previously closed at $47.03.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Down 0.0%
The firm has a 50-day moving average of $46.67 and a 200-day moving average of $49.73.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LTPZ. Torren Management LLC increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 82.9% in the third quarter. Torren Management LLC now owns 37,317 shares of the company’s stock worth $1,683,000 after buying an additional 16,911 shares during the period. Ares Financial Consulting LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the 2nd quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock valued at $3,458,000 after buying an additional 11,084 shares during the period. Finally, Essential Partners LLC boosted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after buying an additional 371 shares during the period. 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.
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