PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Large Volume Increase – Here’s Why

Shares of PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw unusually-high trading volume on Friday . Approximately 112,857 shares traded hands during trading, an increase of 119% from the previous session’s volume of 51,580 shares.The stock last traded at $95.44 and had previously closed at $95.44.

PIMCO Low Duration Exchange-Traded Fund Trading Up 0.0 %

The company has a fifty day moving average of $95.23 and a 200 day moving average of $95.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LDUR. Key Financial Inc purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth approximately $28,000. Jones Financial Companies Lllp purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $80,000. Strategy Asset Managers LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter worth approximately $206,000. Kovitz Investment Group Partners LLC purchased a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth approximately $217,000. Finally, Curi RMB Capital LLC grew its position in 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.