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

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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.4 %

The stock’s fifty day moving average price is $53.80 and its two-hundred day moving average price is $55.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter valued at about $479,000. Brown Brothers Harriman & Co. bought a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 3rd quarter worth approximately $615,000. Finally, Great Lakes Retirement Inc. increased its stake 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 buying 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).