PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) Stock Price Down 0.3% – Here’s Why

PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ)’s share price dropped 0.3% on Friday . The stock traded as low as $64.89 and last traded at $65.22. 490,147 shares traded hands during trading, a decline of 17% from the average session volume of 591,377 shares. The stock had previously closed at $65.44.

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

The stock has a fifty day moving average price of $62.76 and a two-hundred day moving average price of $64.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the fourth quarter worth about $4,910,000. BNP Paribas Financial Markets purchased a new position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the third quarter valued at approximately $2,848,000. JPMorgan Chase & Co. lifted its stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 104.6% during the second quarter. JPMorgan Chase & Co. now owns 18,825 shares of the company’s stock valued at $1,263,000 after buying an additional 9,623 shares during the period. Sankala Group LLC acquired a new stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the fourth quarter worth approximately $580,000. Finally, Ameriprise Financial Inc. boosted its position in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 5.8% during the second quarter. Ameriprise Financial Inc. now owns 101,814 shares of the company’s stock worth $6,830,000 after acquiring an additional 5,605 shares during the last quarter.

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.