PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Hits New 1-Year Low – Here’s Why

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $52.50 and last traded at $52.52, with a volume of 14020 shares changing hands. The stock had previously closed at $52.54.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Price Performance

The firm has a 50 day simple moving average of $52.82 and a 200-day simple moving average of $53.58.

Institutional Trading of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 134.4% during the second quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock worth $99,000 after acquiring an additional 1,059 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the 2nd quarter valued at approximately $221,000. TD Private Client Wealth LLC boosted its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 4.6% in the 4th quarter. TD Private Client Wealth LLC now owns 18,229 shares of the company’s stock valued at $978,000 after purchasing an additional 803 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 146.8% during the 2nd quarter. Captrust Financial Advisors now owns 47,898 shares of the company’s stock valued at $2,577,000 after purchasing an additional 28,493 shares during the last quarter. Finally, Arbor Investment Advisors LLC grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.0% during the 1st quarter. Arbor Investment Advisors LLC now owns 96,423 shares of the company’s stock valued at $5,217,000 after purchasing an additional 1,889 shares during the last quarter. 75.17% of the stock is owned by institutional investors and hedge funds.

About PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index. The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index is an unmanaged index comprised of the United States Treasury Inflation Protected Securities with at least $1 billion in outstanding face value and a remaining term to final maturity of at least one year and less than five years.