PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ) Reaches New 52-Week High – Still a Buy?

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ)’s stock price reached a new 52-week high on Monday . The company traded as high as $52.99 and last traded at $52.99, with a volume of 8967 shares. The stock had previously closed at $52.83.

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

The company’s fifty day moving average is $52.48 and its two-hundred day moving average is $52.42.

Institutional Investors Weigh In On PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund

Several institutional investors and hedge funds have recently modified their holdings of STPZ. TD Private Client Wealth LLC boosted its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 68.7% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,270 shares of the company’s stock valued at $331,000 after buying an additional 2,554 shares during the period. Flow Traders U.S. LLC purchased a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at $1,180,000. Kovitz Investment Group Partners LLC purchased a new stake in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the 3rd quarter worth about $1,916,000. Finally, Arbor Investment Advisors LLC increased its holdings in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 7.2% during the 3rd quarter. Arbor Investment Advisors LLC now owns 82,087 shares of the company’s stock worth $4,336,000 after purchasing an additional 5,526 shares during the period.

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

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.