Pimco Total Return ETF (NYSE:BOND) Hits New 1-Year Low – Here’s Why

Pimco Total Return ETF (NYSE:BONDGet Free Report) shares reached a new 52-week low on Wednesday . The company traded as low as $88.53 and last traded at $88.60, with a volume of 815782 shares changing hands. The stock had previously closed at $88.66.

Pimco Total Return ETF Stock Performance

The company has a market capitalization of $8.27 billion, a P/E ratio of 1.60 and a beta of 0.27. The firm’s fifty day moving average is $90.53 and its 200-day moving average is $91.64.

Institutional Trading of Pimco Total Return ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BOND. Bouchey Financial Group Ltd. bought a new position in shares of Pimco Total Return ETF during the 2nd quarter worth approximately $50,336,000. Lunt Capital Management Inc. increased its stake in shares of Pimco Total Return ETF by 1.3% in the 2nd quarter. Lunt Capital Management Inc. now owns 56,198 shares of the exchange traded fund’s stock valued at $5,182,000 after acquiring an additional 732 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Pimco Total Return ETF by 8.0% in the 2nd quarter. Capital Analysts LLC now owns 137,698 shares of the exchange traded fund’s stock valued at $12,698,000 after acquiring an additional 10,243 shares in the last quarter. RFG Advisory LLC lifted its position in shares of Pimco Total Return ETF by 61.1% during the 2nd quarter. RFG Advisory LLC now owns 455,902 shares of the exchange traded fund’s stock valued at $42,039,000 after acquiring an additional 172,932 shares during the period. Finally, NewEdge Advisors LLC lifted its position in shares of Pimco Total Return ETF by 10.3% during the 2nd quarter. NewEdge Advisors LLC now owns 1,474,136 shares of the exchange traded fund’s stock valued at $135,930,000 after acquiring an additional 137,905 shares during the period.

Pimco Total Return ETF Company Profile

(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.

Further Reading

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