SOL Capital Management CO Grows Stake in Pimco Total Return ETF $BOND

SOL Capital Management CO lifted its position in Pimco Total Return ETF (NYSEARCA:BOND) by 52.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,226 shares of the exchange traded fund’s stock after purchasing an additional 10,085 shares during the quarter. SOL Capital Management CO’s holdings in Pimco Total Return ETF were worth $2,728,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC raised its holdings in shares of Pimco Total Return ETF by 53.0% in the 2nd quarter. Transce3nd LLC now owns 358 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 124 shares in the last quarter. Maseco LLP bought a new position in shares of Pimco Total Return ETF in the second quarter worth approximately $60,000. Security National Bank purchased a new stake in Pimco Total Return ETF in the second quarter valued at approximately $93,000. Goodman Advisory Group LLC purchased a new stake in Pimco Total Return ETF in the second quarter valued at approximately $123,000. Finally, First PREMIER Bank grew its stake in Pimco Total Return ETF by 9,618.8% in the 3rd quarter. First PREMIER Bank now owns 1,555 shares of the exchange traded fund’s stock worth $145,000 after buying an additional 1,539 shares in the last quarter.

Pimco Total Return ETF Stock Performance

Pimco Total Return ETF stock opened at $93.55 on Friday. Pimco Total Return ETF has a fifty-two week low of $88.95 and a fifty-two week high of $94.56. The stock has a market cap of $6.99 billion, a P/E ratio of 1.60 and a beta of 0.27. The firm’s fifty day moving average price is $93.44 and its 200-day moving average price is $92.96.

Pimco Total Return ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.1%.

Pimco Total Return ETF Profile

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.