PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Shares Up 0.1% – Should You Buy?

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

PIMCO Low Duration Exchange-Traded Fund Trading Up 0.1 %

The firm has a 50-day moving average of $95.18 and a 200 day moving average of $95.19.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Key Financial Inc acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth about $28,000. Future Financial Wealth Managment LLC bought a new position in PIMCO Low Duration Exchange-Traded Fund during the third quarter worth about $29,000. Sage Rhino Capital LLC increased its position in PIMCO Low Duration Exchange-Traded Fund by 1.1% during the second quarter. Sage Rhino Capital LLC now owns 28,877 shares of the company’s stock worth $2,734,000 after buying an additional 308 shares during the last quarter. Curi RMB Capital LLC raised its stake in PIMCO Low Duration Exchange-Traded Fund by 14.3% in the third quarter. Curi RMB Capital LLC now owns 2,578 shares of the company’s stock valued at $247,000 after buying an additional 323 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in PIMCO Low Duration Exchange-Traded Fund by 7.0% in the third quarter. Capital Advisors Ltd. LLC now owns 5,012 shares of the company’s stock valued at $481,000 after buying an additional 329 shares during the period.

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.