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-high trading volume on Tuesday . 347,872 shares were traded during trading, an increase of 158% from the previous session’s volume of 134,694 shares.The stock last traded at $47.44 and had previously closed at $47.17.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Stock Up 0.6%

The company’s 50 day moving average price is $49.28 and its two-hundred day moving average price is $50.87.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LTPZ. Ares Financial Consulting LLC increased its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 19.4% in the 2nd quarter. Ares Financial Consulting LLC now owns 68,277 shares of the company’s stock worth $3,458,000 after purchasing an additional 11,084 shares in the last quarter. Hirtle Callaghan & Co LLC increased its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 14.1% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 67,099 shares of the company’s stock worth $3,472,000 after buying an additional 8,267 shares in the last quarter. Torren Management LLC increased its position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 6.9% in the first quarter. Torren Management LLC now owns 56,485 shares of the company’s stock worth $2,882,000 after buying an additional 3,633 shares in the last quarter. Greenline Partners LLC raised its stake 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 worth $1,566,000 after buying an additional 2,190 shares during the period. Finally, Essential Partners LLC lifted its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% during the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after buying an additional 371 shares in the last quarter. 39.71% of the stock is currently owned by institutional investors.

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.