PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Shares Down 0% – Here’s Why

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) shares dropped 0% during mid-day trading on Wednesday . The stock traded as low as $95.50 and last traded at $95.60. Approximately 32,327 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 45,002 shares. The stock had previously closed at $95.63.

PIMCO Low Duration Exchange-Traded Fund Price Performance

The stock’s 50 day moving average is $95.63 and its 200-day moving average is $95.41.

Hedge Funds Weigh In On PIMCO Low Duration Exchange-Traded Fund

A number of hedge funds have recently added to or reduced their stakes in LDUR. Advocacy Wealth Management Services LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 0.9% in the 4th quarter. Advocacy Wealth Management Services LLC now owns 818,639 shares of the company’s stock worth $77,763,000 after buying an additional 7,605 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 2,012.1% in the fourth quarter. Proficio Capital Partners LLC now owns 813,589 shares of the company’s stock worth $814,000 after acquiring an additional 775,068 shares during the period. LPL Financial LLC raised its holdings in shares of PIMCO Low Duration Exchange-Traded Fund by 19.6% during the fourth quarter. LPL Financial LLC now owns 257,318 shares of the company’s stock valued at $24,443,000 after purchasing an additional 42,081 shares during the last quarter. HighTower Advisors LLC lifted its position in PIMCO Low Duration Exchange-Traded Fund by 3.1% during the third quarter. HighTower Advisors LLC now owns 224,477 shares of the company’s stock valued at $21,537,000 after purchasing an additional 6,809 shares during the period. Finally, Kelly Financial Group LLC purchased a new stake in PIMCO Low Duration Exchange-Traded Fund in the fourth quarter worth approximately $20,030,000.

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.