PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Trading Down 0.2% – Here’s What Happened

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR)’s share price traded down 0.2% during trading on Wednesday . The company traded as low as $95.05 and last traded at $95.09. 27,186 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 41,062 shares. The stock had previously closed at $95.24.

PIMCO Low Duration Exchange-Traded Fund Trading Down 0.2%

The firm’s 50 day simple moving average is $95.55 and its two-hundred day simple moving average is $95.36.

Institutional Investors Weigh In On PIMCO Low Duration Exchange-Traded Fund

Institutional investors have recently modified their holdings of the business. Morris Financial Concepts Inc. bought a new position in PIMCO Low Duration Exchange-Traded Fund in the first quarter worth about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of PIMCO Low Duration Exchange-Traded Fund in the 1st quarter worth approximately $31,000. Mascagni Wealth Management Inc. acquired a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter valued at approximately $42,000. Jones Financial Companies Lllp bought a new position in PIMCO Low Duration Exchange-Traded Fund during the 4th quarter worth $80,000. Finally, Assetmark Inc. increased its position in PIMCO Low Duration Exchange-Traded Fund by 25.3% in the first quarter. Assetmark Inc. now owns 927 shares of the company’s stock worth $89,000 after buying an additional 187 shares during the period.

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.