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

Pimco Total Return ETF (NYSE:BOND) shares reached a new 52-week low on Wednesday . The stock 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 Trading Down 0.1%

The company has a market cap of $8.27 billion, a P/E ratio of 1.60 and a beta of 0.27. The stock’s 50-day moving average price is $90.53 and its 200-day moving average price is $91.64.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BOND. Koss Olinger Consulting LLC lifted its holdings in shares of Pimco Total Return ETF by 100.5% in the fourth quarter. Koss Olinger Consulting LLC now owns 1,315,663 shares of the exchange traded fund’s stock valued at $122,462,000 after purchasing an additional 659,320 shares in the last quarter. LPL Financial LLC grew its holdings in Pimco Total Return ETF by 25.5% during the fourth quarter. LPL Financial LLC now owns 2,895,952 shares of the exchange traded fund’s stock worth $269,555,000 after buying an additional 587,532 shares in the last quarter. Bouchey Financial Group Ltd. purchased a new stake in Pimco Total Return ETF in the 2nd quarter valued at $50,336,000. Evolve Private Wealth LLC purchased a new stake in Pimco Total Return ETF in the 4th quarter valued at $43,614,000. Finally, Advocacy Wealth Management LLC bought a new position in Pimco Total Return ETF during the 4th quarter valued at $38,226,000.

Pimco Total Return ETF Company 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.