PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Trading 0.8% Higher – Time to Buy?

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) traded up 0.8% during trading on Tuesday . The stock traded as high as $53.31 and last traded at $53.18. 45,142 shares were traded during trading, a decline of 57% from the average session volume of 104,032 shares. The stock had previously closed at $52.77.

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

The company’s 50-day simple moving average is $52.53 and its 200 day simple moving average is $52.11.

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

Several institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 1,582.9% in the first quarter. Jones Financial Companies Lllp now owns 85,220 shares of the company’s stock valued at $4,385,000 after acquiring an additional 80,156 shares during the period. Salomon & Ludwin LLC purchased a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the second quarter valued at $73,000. Finally, Atlas Capital Advisors Inc. increased its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 13.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,300 shares of the company’s stock worth $236,000 after buying an additional 500 shares during the period. Institutional investors own 39.71% of the company’s stock.

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).