PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Trading Down 0% – Here’s What Happened

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR)’s share price dropped 0% during mid-day trading on Wednesday . The stock traded as low as $95.50 and last traded at $95.60. Approximately 32,327 shares changed hands during trading, a decline of 28% from the average daily volume of 45,002 shares. The stock had previously closed at $95.63.

PIMCO Low Duration Exchange-Traded Fund Stock Down 0.2 %

The business has a 50 day moving average of $95.64 and a 200-day moving average of $95.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at approximately $42,000. Jones Financial Companies Lllp acquired a new position in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at about $80,000. Kovitz Investment Group Partners LLC acquired a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth approximately $217,000. Choreo LLC purchased a new stake in PIMCO Low Duration Exchange-Traded Fund in the fourth quarter valued at approximately $257,000. Finally, Axxcess Wealth Management LLC increased its position in PIMCO Low Duration Exchange-Traded Fund by 8.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 3,358 shares of the company’s stock worth $319,000 after purchasing an additional 254 shares during the last quarter.

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.