PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Trading Up 0% – Should You Buy?

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) rose 0% during trading on Thursday . The company traded as high as $95.98 and last traded at $95.93. Approximately 35,843 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 45,593 shares. The stock had previously closed at $95.89.

PIMCO Low Duration Exchange-Traded Fund Price Performance

The stock has a 50 day moving average of $96.02 and a 200 day moving average of $95.81.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc increased its stake in PIMCO Low Duration Exchange-Traded Fund by 4.9% in the third quarter. IFP Advisors Inc now owns 35,851 shares of the company’s stock valued at $3,447,000 after acquiring an additional 1,683 shares during the last quarter. Watts Gwilliam & Co. LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 3rd quarter valued at $370,000. NewEdge Advisors LLC increased its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 3.2% in the 3rd quarter. NewEdge Advisors LLC now owns 23,994 shares of the company’s stock valued at $2,307,000 after purchasing an additional 755 shares during the last quarter. Mariner LLC acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth $2,318,000. Finally, Flow Traders U.S. LLC raised its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 83.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 23,276 shares of the company’s stock worth $2,238,000 after buying an additional 10,606 shares in the last quarter.

About PIMCO Low Duration Exchange-Traded Fund

The PIMCO Enhanced Low Duration Active Exchange-Traded Fund (LDUR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed broad-market, investment-grade bond fund with target duration between 1-3 years. LDUR was launched on Jan 22, 2014 and is managed by PIMCO.