PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Shares Down 0.1% – Here’s What Happened

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ)’s share price dropped 0.1% during trading on Tuesday . The company traded as low as $52.23 and last traded at $52.29. Approximately 14,678 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 55,907 shares. The stock had previously closed at $52.32.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Stock Performance

The business has a 50 day moving average of $52.58 and a two-hundred day moving average of $51.98.

Institutional Trading of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of STPZ. Arbor Investment Advisors LLC grew its holdings in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 7.2% during the third quarter. Arbor Investment Advisors LLC now owns 82,087 shares of the company’s stock valued at $4,336,000 after buying an additional 5,526 shares during the last quarter. TIAA Trust National Association increased its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.9% during the 2nd quarter. TIAA Trust National Association now owns 266,495 shares of the company’s stock worth $13,762,000 after purchasing an additional 7,554 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. purchased a new stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the second quarter worth approximately $214,000.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Company Profile

PIMCO 1-5 Year US TIPS Index ETF, formerly Pimco 1-5 Year U.S. TIPS Index Fund, is an exchange traded fund (ETF) designed to capture the returns of the shorter maturity subset of the Treasury Inflation-Protected Securities (TIPS) market by tracking The BofA Merrill Lynch 1-5 Year US Inflation-Linked Treasury Index.