PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Reaches New 52-Week High – Still a Buy?

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

PIMCO Low Duration Exchange-Traded Fund Stock Up 0.2 %

The business has a 50 day moving average of $95.33 and a two-hundred day moving average of $95.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LDUR. Key Financial Inc acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth $28,000. Jones Financial Companies Lllp acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth $80,000. Strategy Asset Managers LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth $206,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth $217,000. Finally, Curi RMB Capital LLC grew its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 14.3% during the 3rd quarter. Curi RMB Capital LLC now owns 2,578 shares of the company’s stock worth $247,000 after purchasing an additional 323 shares in the last quarter.

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.