PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR) Hits New 12-Month High at $95.97

PIMCO Low Duration Exchange-Traded Fund (NYSEARCA:LDUR)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $95.97 and last traded at $95.97, with a volume of 1032 shares. The stock had previously closed at $95.86.

PIMCO Low Duration Exchange-Traded Fund Price Performance

The stock has a fifty day simple moving average of $95.31 and a two-hundred day simple moving average of $94.78.

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

Institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of PIMCO Low Duration Exchange-Traded Fund during the second quarter worth about $360,000. NewEdge Advisors LLC raised its position in shares of PIMCO Low Duration Exchange-Traded Fund by 699.6% in the 2nd quarter. NewEdge Advisors LLC now owns 11,043 shares of the company’s stock valued at $1,045,000 after purchasing an additional 9,662 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of PIMCO Low Duration Exchange-Traded Fund by 143.2% in the 2nd quarter. Susquehanna International Group LLP now owns 56,921 shares of the company’s stock valued at $5,389,000 after purchasing an additional 33,518 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of PIMCO Low Duration Exchange-Traded Fund by 58.9% during the 2nd quarter. Kathmere Capital Management LLC now owns 6,135 shares of the company’s stock valued at $581,000 after buying an additional 2,275 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of PIMCO Low Duration Exchange-Traded Fund by 7.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,597 shares of the company’s stock worth $814,000 after buying an additional 622 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.