PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) Sees Large Volume Increase – Time to Buy?

Shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund (NYSEARCA:ZROZ) saw an uptick in trading volume on Friday . 937,467 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 605,244 shares.The stock last traded at $63.84 and had previously closed at $65.27.

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

The business’s 50-day moving average price is $65.51 and its 200-day moving average price is $66.77.

Institutional Investors Weigh In On PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund

Several institutional investors have recently bought and sold shares of ZROZ. Abound Financial LLC purchased a new stake in PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund in the fourth quarter valued at about $4,910,000. BNP Paribas Financial Markets purchased a new stake in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the third quarter worth about $2,848,000. JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 9,623 shares in the last quarter. Sankala Group LLC acquired a new position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund during the fourth quarter valued at about $580,000. Finally, Ameriprise Financial Inc. raised its position in shares of PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund by 5.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 101,814 shares of the company’s stock valued at $6,830,000 after purchasing 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.