Pimco Total Return ETF (NYSE:BOND) Reaches New 52-Week Low – Time to Sell?

Shares of Pimco Total Return ETF (NYSE:BONDGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as $89.65 and last traded at $89.66, with a volume of 158613 shares. The stock had previously closed at $89.99.

Pimco Total Return ETF Price Performance

The stock has a market cap of $8.30 billion, a PE ratio of 1.60 and a beta of 0.27. The company has a 50-day simple moving average of $90.71 and a 200-day simple moving average of $91.75.

Institutional Trading of Pimco Total Return ETF

Several hedge funds and other institutional investors have recently made changes to their positions in BOND. Scarborough Advisors LLC lifted its position in shares of Pimco Total Return ETF by 102.0% during the 1st quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in shares of Pimco Total Return ETF during the 2nd quarter worth $31,000. Cornerstone Planning Group LLC boosted its position in shares of Pimco Total Return ETF by 40.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 129 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Pimco Total Return ETF by 55.2% in the 2nd quarter. Allianz Asset Management GmbH now owns 610 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 217 shares during the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in Pimco Total Return ETF during the 4th quarter valued at about $57,000.

About Pimco Total Return ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for Pimco Total Return ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Total Return ETF and related companies with MarketBeat.com's FREE daily email newsletter.