PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Trading 0.1% Higher – Here’s Why

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR)’s stock price was up 0.1% on Thursday . The company traded as high as $95.14 and last traded at $95.11. Approximately 80,678 shares traded hands during mid-day trading, an increase of 77% from the average daily volume of 45,535 shares. The stock had previously closed at $95.03.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

The firm has a 50 day moving average price of $95.19 and a two-hundred day moving average price of $95.18.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Key Financial Inc acquired a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new position in PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth approximately $29,000. Strategy Asset Managers LLC acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the 3rd quarter worth approximately $206,000. Curi RMB Capital LLC increased its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 14.3% in the 3rd quarter. Curi RMB Capital LLC now owns 2,578 shares of the company’s stock valued at $247,000 after acquiring an additional 323 shares during the last quarter. Finally, Interchange Capital Partners LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 2nd quarter valued at approximately $260,000.

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.