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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZGet Free Report)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $51.87 and last traded at $51.92, with a volume of 53493 shares traded. The stock had previously closed at $52.07.

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

The stock’s fifty day moving average price is $54.07 and its two-hundred day moving average price is $55.40.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at $615,000. Captrust Financial Advisors acquired a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth $479,000. Finally, Great Lakes Retirement Inc. lifted its stake in 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 worth $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

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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).

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