PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sets New 52-Week High – Here’s What Happened

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $96.93 and last traded at $95.90, with a volume of 4222 shares trading hands. The stock had previously closed at $95.94.

PIMCO Low Duration Exchange-Traded Fund Price Performance

The firm has a 50 day moving average price of $95.30 and a 200-day moving average price of $95.36.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Compass Financial Group Inc. boosted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 1.0% in the 4th quarter. Compass Financial Group Inc. now owns 13,474 shares of the company’s stock valued at $1,280,000 after buying an additional 128 shares in the last quarter. Aviance Capital Partners LLC grew its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 2.7% during the fourth quarter. Aviance Capital Partners LLC now owns 6,003 shares of the company’s stock worth $570,000 after purchasing an additional 160 shares during the last quarter. Capital Asset Advisory Services LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 7.2% during the fourth quarter. Capital Asset Advisory Services LLC now owns 3,370 shares of the company’s stock worth $321,000 after purchasing an additional 227 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 8.2% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,358 shares of the company’s stock valued at $319,000 after purchasing an additional 254 shares during the last quarter. Finally, Key Financial Inc acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 3rd quarter valued at about $28,000.

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.