PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Unusually-High Trading Volume – Here’s Why

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) shares saw unusually-high trading volume on Wednesday . Approximately 321,499 shares were traded during mid-day trading, an increase of 292% from the previous session’s volume of 81,977 shares.The stock last traded at $51.3090 and had previously closed at $51.03.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Up 1.1%

The company’s fifty day simple moving average is $52.22 and its two-hundred day simple moving average is $52.69.

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

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. bought a new stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at about $27,000. Eagle Bay Advisors LLC bought a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the 4th quarter worth approximately $29,000. WFA of San Diego LLC grew its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% in the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock worth $35,000 after acquiring an additional 400 shares in the last quarter. IFP Advisors Inc grew its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the 3rd quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock worth $186,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the 4th quarter valued at approximately $235,000. 39.71% of the stock is currently owned by institutional investors and hedge funds.

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). The Fund seeks to achieve its investment objective by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities (Component Securities) of the Underlying Index.