PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Sees Unusually-High Trading Volume – Still a Buy?

Shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw unusually-strong trading volume on Wednesday . Approximately 321,499 shares changed hands 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 0.3%

The stock’s 50-day simple moving average is $52.25 and its two-hundred day simple moving average is $52.71.

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

Several large investors have recently made changes to their positions in the business. WFA of San Diego LLC boosted its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the 4th quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after purchasing an additional 400 shares during the period. Bessemer Group Inc. acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the third quarter worth approximately $27,000. Eagle Bay Advisors LLC acquired a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter worth approximately $29,000. IFP Advisors Inc boosted its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 40.0% in the third quarter. IFP Advisors Inc now owns 3,500 shares of the company’s stock valued at $186,000 after acquiring an additional 1,000 shares during the period. Finally, Greenline Partners LLC boosted its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the third quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after acquiring an additional 2,190 shares during the period. Institutional investors and hedge funds own 39.71% of the company’s stock.

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). 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.