PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) Shares Gap Up – Still a Buy?

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ)’s share price gapped up prior to trading on Monday . The stock had previously closed at $67.90, but opened at $69.47. PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund shares last traded at $69.87, with a volume of 108,724 shares trading hands.

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Price Performance

The business has a 50-day moving average of $70.96 and a 200 day moving average of $76.16.

Institutional Trading of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EQ Wealth Advisors LLC purchased a new position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the 4th quarter worth approximately $1,106,000. Janney Montgomery Scott LLC boosted its stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 622.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 39,072 shares of the company’s stock worth $2,681,000 after buying an additional 33,662 shares during the last quarter. Confluence Investment Management LLC purchased a new position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the 4th quarter worth approximately $14,155,000. FSA Wealth Management LLC purchased a new position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the 3rd quarter worth approximately $25,000. Finally, Private Trust Co. NA boosted its stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 98.1% in the 3rd quarter. Private Trust Co. NA now owns 4,261 shares of the company’s stock worth $351,000 after buying an additional 2,110 shares during the last quarter.

About PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, formerly PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund ETF, is an exchange-traded fund. The Fund seeks to provide total return that closely corresponds to the total return of The BofA Merrill Lynch Long US Treasury Principal STRIPS Index (the Index) by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the Index.