PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Hits New 52-Week Low – Here’s Why

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) hit a new 52-week low on Thursday . The company traded as low as $51.16 and last traded at $51.54, with a volume of 138277 shares changing hands. The stock had previously closed at $51.34.

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

The stock’s fifty day simple moving average is $53.66 and its two-hundred day simple moving average is $55.25.

Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

Large investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter worth about $479,000. Brown Brothers Harriman & Co. purchased a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth approximately $615,000. Finally, Great Lakes Retirement Inc. raised its holdings in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 68.5% during the third quarter. Great Lakes Retirement Inc. now owns 20,393 shares of the company’s stock valued at $1,178,000 after acquiring an additional 8,289 shares during the period.

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

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).