PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Reaches New 12-Month Low – Here’s What Happened

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) reached a new 52-week low on Wednesday . The company traded as low as $50.80 and last traded at $50.99, with a volume of 132952 shares traded. The stock had previously closed at $51.10.

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

The stock has a 50 day simple moving average of $53.46 and a two-hundred day simple moving average of $55.18.

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

A number of hedge funds have recently modified their holdings of the company. Captrust Financial Advisors purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter worth approximately $479,000. Brown Brothers Harriman & Co. purchased a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at $615,000. Finally, Great Lakes Retirement Inc. lifted its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 68.5% in the 3rd quarter. Great Lakes Retirement Inc. now owns 20,393 shares of the company’s stock valued at $1,178,000 after purchasing an additional 8,289 shares during the last quarter.

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).