PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Shares Up 0.2% – Still a Buy?

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) shares shot up 0.2% during mid-day trading on Friday . The stock traded as high as $95.68 and last traded at $95.67. 19,818 shares were traded during mid-day trading, a decline of 61% from the average session volume of 51,459 shares. The stock had previously closed at $95.50.

PIMCO Low Duration Exchange-Traded Fund Stock Up 0.2 %

The company has a 50 day moving average of $95.26 and a 200-day moving average of $95.35.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Institutional investors have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC lifted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 2,012.1% during the 4th quarter. Proficio Capital Partners LLC now owns 813,589 shares of the company’s stock valued at $814,000 after acquiring an additional 775,068 shares during the period. Kelly Financial Group LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at $20,030,000. JPMorgan Chase & Co. lifted its position in shares of PIMCO Low Duration Exchange-Traded Fund by 362.3% during the 4th quarter. JPMorgan Chase & Co. now owns 198,312 shares of the company’s stock valued at $18,838,000 after acquiring an additional 155,411 shares during the period. Independent Advisor Alliance bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at $6,660,000. Finally, Beckerman Institutional LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the 3rd quarter valued at $5,621,000.

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.