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

PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:LTPZ) saw strong trading volume on Friday . 407,949 shares changed hands during trading, an increase of 129% from the previous session’s volume of 178,495 shares.The stock last traded at $55.04 and had previously closed at $55.27.

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

The firm’s 50-day simple moving average is $53.77 and its 200-day simple moving average is $54.83.

Institutional Trading of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund

Several institutional investors have recently added to or reduced their stakes in LTPZ. Covestor Ltd raised its stake in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund by 8.2% during the first quarter. Covestor Ltd now owns 2,575 shares of the company’s stock valued at $143,000 after acquiring an additional 196 shares during the last quarter. Aspect Partners LLC bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at about $631,000. Finally, Community Bank N.A. bought a new position in shares of PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund during the fourth quarter valued at about $5,668,000.

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).