PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Reaches New 52-Week High – Still a Buy?

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $96.93 and last traded at $95.90, with a volume of 4222 shares trading hands. The stock had previously closed at $95.94.

PIMCO Low Duration Exchange-Traded Fund Price Performance

The firm has a 50 day moving average of $95.33 and a two-hundred day moving average of $95.37.

Institutional Trading of PIMCO Low Duration Exchange-Traded Fund

Several large investors have recently bought and sold shares of LDUR. Key Financial Inc bought a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at about $28,000. Advocacy Wealth Management Services LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 2.0% in the third quarter. Advocacy Wealth Management Services LLC now owns 811,034 shares of the company’s stock valued at $77,827,000 after purchasing an additional 16,086 shares during the last quarter. Beckerman Institutional LLC bought a new position in PIMCO Low Duration Exchange-Traded Fund in the third quarter valued at about $5,621,000. Proficio Capital Partners LLC raised its position in PIMCO Low Duration Exchange-Traded Fund by 163.5% in the third quarter. Proficio Capital Partners LLC now owns 38,521 shares of the company’s stock valued at $3,696,000 after purchasing an additional 23,900 shares during the last quarter. Finally, Compass Financial Group Inc. raised its position in PIMCO Low Duration Exchange-Traded Fund by 5.0% in the third quarter. Compass Financial Group Inc. now owns 13,346 shares of the company’s stock valued at $1,281,000 after purchasing an additional 638 shares during 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.