Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ – Get Free Report) saw strong trading volume on Wednesday. 329,172 shares traded hands during mid-day trading, an increase of 40% from the previous session’s volume of 234,619 shares. The stock last traded at $46.6330 and had previously closed at $46.52.
PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Price Performance
The firm has a 50 day simple moving average of $46.88 and a 200-day simple moving average of $49.12.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Ares Financial Consulting LLC raised its holdings in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in the 2nd quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock valued at $3,458,000 after acquiring an additional 11,084 shares in the last quarter. Essential Partners LLC lifted its position in shares of 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 acquiring an additional 371 shares during the period. Finally, Torren Management LLC grew its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the 1st quarter. Torren Management LLC now owns 56,485 shares of the company’s stock worth $2,882,000 after purchasing an additional 3,633 shares in the last quarter. 39.71% of the stock is owned by 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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