PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) Hits New 52-Week Low – Time to Sell?

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $47.06 and last traded at $47.2290, with a volume of 218347 shares trading hands. The stock had previously closed at $47.19.

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund Trading Up 0.7%

The company has a fifty day moving average price of $48.27 and a 200 day moving average price of $50.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WFA of San Diego LLC increased its position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 142.9% during the fourth quarter. WFA of San Diego LLC now owns 680 shares of the company’s stock valued at $35,000 after acquiring an additional 400 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund in the fourth quarter worth $235,000. Essential Partners LLC grew its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 5.1% in the 1st quarter. Essential Partners LLC now owns 7,584 shares of the company’s stock valued at $387,000 after purchasing an additional 371 shares during the period. Greenline Partners LLC grew its stake in PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.0% in the 3rd quarter. Greenline Partners LLC now owns 29,398 shares of the company’s stock valued at $1,566,000 after purchasing an additional 2,190 shares during the period. Finally, Torren Management LLC increased its holdings in 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 buying an additional 3,633 shares during the last quarter. 39.71% of the stock is currently owned by hedge funds and other institutional investors.

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.