PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) Sees Strong Trading Volume – Still a Buy?

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) shares saw strong trading volume on Friday . 716,695 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 397,163 shares.The stock last traded at $65.74 and had previously closed at $66.34.

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund Trading Down 1.0%

The stock has a fifty day moving average price of $67.76 and a two-hundred day moving average price of $66.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Okabena Investment Services Inc. raised its stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 10.6% during the first quarter. Okabena Investment Services Inc. now owns 31,977 shares of the company’s stock valued at $2,291,000 after purchasing an additional 3,053 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the 2nd quarter valued at about $158,000. Janney Montgomery Scott LLC raised its position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 70.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 66,307 shares of the company’s stock worth $4,447,000 after buying an additional 27,331 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 18.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 120,555 shares of the company’s stock worth $8,086,000 after acquiring an additional 18,611 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 104.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 18,825 shares of the company’s stock worth $1,263,000 after acquiring an additional 9,623 shares during the period.

About PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF, formerly PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund ETF, is an exchange-traded fund. The Fund seeks to provide total return that closely corresponds to the total return of The BofA Merrill Lynch Long US Treasury Principal STRIPS Index (the Index) by investing at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the Index. The Index is an unmanaged index consisting of long-maturity separate trading of registered interest and principal of securities representing the final principal payment of the United States Treasury bonds with at least $1 billion in outstanding face value and a remaining term to final maturity greater than or equal to 25 years.