Redhawk Wealth Advisors Inc. Raises Stock Position in Pimco Total Return ETF $BOND

Redhawk Wealth Advisors Inc. boosted its stake in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 18.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 70,613 shares of the exchange traded fund’s stock after acquiring an additional 10,849 shares during the period. Redhawk Wealth Advisors Inc. owned about 0.08% of Pimco Total Return ETF worth $6,511,000 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. Eagle Bay Advisors LLC acquired a new stake in shares of Pimco Total Return ETF in the fourth quarter valued at about $27,000. Scarborough Advisors LLC raised 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 worth $27,000 after purchasing an additional 150 shares during the last quarter. Beaird Harris Wealth Management LLC acquired a new position in shares of Pimco Total Return ETF during the 2nd quarter worth about $31,000. Cornerstone Planning Group LLC lifted its stake in 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 valued at $41,000 after buying an additional 129 shares in the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in Pimco Total Return ETF in the 4th quarter valued at about $57,000.

Pimco Total Return ETF Trading Down 0.4%

BOND stock opened at $90.41 on Tuesday. Pimco Total Return ETF has a 12-month low of $90.25 and a 12-month high of $94.68. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 1.60 and a beta of 0.27. The business’s 50-day moving average is $91.40 and its 200 day moving average is $92.29.

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.