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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZGet Free Report) shares saw an uptick in trading volume on Monday . Approximately 200,882 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 173,166 shares.The stock last traded at $47.4390 and had previously closed at $47.04.

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

The firm’s 50 day moving average price is $48.06 and its two-hundred day moving average price is $50.05.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ares Financial Consulting LLC lifted its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% during the second quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock worth $3,458,000 after acquiring an additional 11,084 shares during the last quarter. Essential Partners LLC increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the first quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock worth $387,000 after purchasing an additional 371 shares during the period. Finally, Torren Management LLC increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% during the first quarter. Torren Management LLC now owns 56,485 shares of the company’s stock worth $2,882,000 after purchasing an additional 3,633 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

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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). 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.

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