PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Strong Trading Volume – Here’s What Happened

Shares of PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw unusually-high trading volume on Thursday . Approximately 785,338 shares traded hands during trading, an increase of 1,487% from the previous session’s volume of 49,477 shares.The stock last traded at $96.1760 and had previously closed at $96.12.

PIMCO Low Duration Exchange-Traded Fund Stock Down 0.1%

The stock’s 50 day simple moving average is $96.05 and its two-hundred day simple moving average is $95.83.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Large investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 6.6% during the 3rd quarter. CWM LLC now owns 923,898 shares of the company’s stock valued at $88,828,000 after buying an additional 56,803 shares in the last quarter. Advocacy Wealth Management LLC grew its position in PIMCO Low Duration Exchange-Traded Fund by 102.6% in the third quarter. Advocacy Wealth Management LLC now owns 891,551 shares of the company’s stock worth $85,718,000 after acquiring an additional 451,566 shares in the last quarter. Advocacy Wealth Management Services LLC increased its position in shares of PIMCO Low Duration Exchange-Traded Fund by 7.4% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 439,985 shares of the company’s stock valued at $42,164,000 after purchasing an additional 30,297 shares during the last quarter. TD Capital Management LLC lifted its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 2.3% in the 1st quarter. TD Capital Management LLC now owns 428,021 shares of the company’s stock worth $41,080,000 after acquiring an additional 9,755 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in PIMCO Low Duration Exchange-Traded Fund by 6.6% during the third quarter. Bank of America Corp DE now owns 383,888 shares of the company’s stock valued at $36,909,000 after buying an additional 23,820 shares during the period.

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.