PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 388,592 shares traded hands during trading, an increase of 329% from the previous session’s volume of 90,611 shares.The stock last traded at $51.0840 and had previously closed at $50.77.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.6%
The company’s 50 day simple moving average is $51.14 and its 200-day simple moving average is $51.81.
Hedge Funds Weigh In On PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LTPZ. Greenline Partners LLC raised its holdings in shares of 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 valued at $1,566,000 after acquiring an additional 2,190 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% during the third quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after purchasing an additional 1,000 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth approximately $29,000. Ares Financial Consulting LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth approximately $3,102,000. Finally, Torren Management LLC purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter valued at approximately $2,735,000. 39.71% of the stock is currently owned by hedge funds and other institutional investors.
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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