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

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund (NYSEARCA:STPZ)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $53.03 and last traded at $53.03, with a volume of 964 shares. The stock had previously closed at $52.94.

PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund Trading Up 0.2 %

The business has a fifty day moving average of $52.54 and a 200 day moving average of $52.48.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 397.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,937 shares of the company’s stock valued at $154,000 after buying an additional 2,346 shares during the period. TD Private Client Wealth LLC increased its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 68.7% during the third quarter. TD Private Client Wealth LLC now owns 6,270 shares of the company’s stock worth $331,000 after buying an additional 2,554 shares during the period. Summit Financial LLC increased its position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund by 2.8% during the fourth quarter. Summit Financial LLC now owns 22,045 shares of the company’s stock worth $1,154,000 after buying an additional 605 shares during the period. Flow Traders U.S. LLC acquired a new position in PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund during the third quarter worth approximately $1,180,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of PIMCO 1-5 Year U.S. TIPS Index Exchange-Traded Fund in the third quarter valued at approximately $1,916,000.

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.