PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Sees Strong Trading Volume – Time to Buy?

Shares of PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) saw strong trading volume on Tuesday . 158,182 shares traded hands during trading, an increase of 200% from the previous session’s volume of 52,715 shares.The stock last traded at $96.35 and had previously closed at $96.37.

PIMCO Low Duration Exchange-Traded Fund Stock Performance

The company has a 50-day simple moving average of $96.05 and a 200-day simple moving average of $95.88.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Several institutional investors and hedge funds have recently made changes to their positions in LDUR. Axxcess Wealth Management LLC boosted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 1.1% during the third quarter. Axxcess Wealth Management LLC now owns 10,025 shares of the company’s stock valued at $964,000 after purchasing an additional 110 shares during the period. Diversified Trust Co boosted its position in PIMCO Low Duration Exchange-Traded Fund by 3.8% in the 2nd quarter. Diversified Trust Co now owns 3,266 shares of the company’s stock valued at $313,000 after buying an additional 121 shares during the period. Geneos Wealth Management Inc. boosted its position in PIMCO Low Duration Exchange-Traded Fund by 10.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,856 shares of the company’s stock valued at $178,000 after buying an additional 169 shares during the period. Krilogy Financial LLC grew its stake in PIMCO Low Duration Exchange-Traded Fund by 1.7% in the 3rd quarter. Krilogy Financial LLC now owns 11,626 shares of the company’s stock worth $1,113,000 after acquiring an additional 195 shares in the last quarter. Finally, Treasure Coast Financial Planning grew its stake in PIMCO Low Duration Exchange-Traded Fund by 0.5% in the 3rd quarter. Treasure Coast Financial Planning now owns 41,693 shares of the company’s stock worth $4,009,000 after acquiring an additional 207 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.