PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Strong Trading Volume – What’s Next?

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw unusually-strong trading volume on Wednesday . Approximately 276,557 shares traded hands during trading, an increase of 520% from the previous session’s volume of 44,593 shares.The stock last traded at $95.76 and had previously closed at $95.78.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.1 %

The business has a 50-day moving average price of $95.41 and a 200 day moving average price of $95.39.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advocacy Wealth Management Services LLC lifted its holdings in PIMCO Low Duration Exchange-Traded Fund by 0.9% during the 4th quarter. Advocacy Wealth Management Services LLC now owns 818,639 shares of the company’s stock valued at $77,763,000 after buying an additional 7,605 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 2,012.1% during the fourth quarter. Proficio Capital Partners LLC now owns 813,589 shares of the company’s stock valued at $814,000 after acquiring an additional 775,068 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 19.6% in the fourth quarter. LPL Financial LLC now owns 257,318 shares of the company’s stock valued at $24,443,000 after purchasing an additional 42,081 shares during the period. HighTower Advisors LLC grew its stake in PIMCO Low Duration Exchange-Traded Fund by 3.1% in the third quarter. HighTower Advisors LLC now owns 224,477 shares of the company’s stock worth $21,537,000 after purchasing an additional 6,809 shares in the last quarter. Finally, Kelly Financial Group LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth $20,030,000.

PIMCO Low Duration Exchange-Traded Fund Company Profile

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.