Novem Group increased its stake in shares of Pimco Total Return ETF (NYSE:BOND – Free Report) by 6.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 262,442 shares of the exchange traded fund’s stock after purchasing an additional 16,890 shares during the period. Pimco Total Return ETF makes up approximately 2.3% of Novem Group’s investment portfolio, making the stock its 5th largest position. Novem Group owned 0.27% of Pimco Total Return ETF worth $22,830,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Procyon Advisors LLC raised its position in Pimco Total Return ETF by 2.2% in the first quarter. Procyon Advisors LLC now owns 5,632 shares of the exchange traded fund’s stock valued at $520,000 after purchasing an additional 122 shares during the period. Founders Financial Securities LLC lifted its stake in Pimco Total Return ETF by 3.9% during the first quarter. Founders Financial Securities LLC now owns 3,437 shares of the exchange traded fund’s stock worth $318,000 after purchasing an additional 129 shares in the last quarter. Cornerstone Planning Group LLC lifted its stake in Pimco Total Return ETF by 40.6% during the first quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 129 shares in the last quarter. Scarborough Advisors LLC boosted its position in shares of Pimco Total Return ETF by 102.0% during the first quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 150 shares during the period. Finally, Signature Equity Partners LLC boosted its position in shares of Pimco Total Return ETF by 7.1% during the first quarter. Signature Equity Partners LLC now owns 2,824 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 187 shares during the period.
Pimco Total Return ETF Stock Performance
Shares of BOND traded down $0.31 during midday trading on Monday, hitting $87.59. 812,764 shares of the stock were exchanged, compared to its average volume of 616,976. Pimco Total Return ETF has a 52-week low of $86.11 and a 52-week high of $94.68. The stock has a fifty day simple moving average of $88.96 and a 200 day simple moving average of $90.78. The firm has a market cap of $8.58 billion, a P/E ratio of 1.60 and a beta of 0.28.
About Pimco Total Return ETF
The PIMCO Active Bond Exchange-Traded Fund (BOND) is an exchange-traded fund that is based on the Barclays U.S. Aggregate index. The fund is an actively managed portfolio that aims to maintain a consistent level of dividend income by investing in a broad array of fixed income sectors and utilizing income efficient implementation strategies. BOND was launched on Mar 1, 2012 and is managed by PIMCO.
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