Pimco Total Return ETF (NYSE:BOND) Reaches New 1-Year Low – What’s Next?

Pimco Total Return ETF (NYSE:BOND)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $88.51 and last traded at $88.51, with a volume of 98211 shares trading hands. The stock had previously closed at $89.05.

Pimco Total Return ETF Stock Performance

The business has a 50 day simple moving average of $90.30 and a two-hundred day simple moving average of $91.45. The firm has a market capitalization of $8.61 billion, a P/E ratio of 1.60 and a beta of 0.27.

Institutional Investors Weigh In On Pimco Total Return ETF

Hedge funds have recently made changes to their positions in the business. Koss Olinger Consulting LLC boosted its holdings in shares of Pimco Total Return ETF by 100.5% during the fourth quarter. Koss Olinger Consulting LLC now owns 1,315,663 shares of the exchange traded fund’s stock worth $122,462,000 after purchasing an additional 659,320 shares during the period. LPL Financial LLC grew its position in shares of Pimco Total Return ETF by 25.5% in the 4th 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 during the last quarter. Bouchey Financial Group Ltd. bought a new stake in shares of Pimco Total Return ETF in the 2nd quarter worth approximately $50,336,000. Evolve Private Wealth LLC purchased a new position in shares of Pimco Total Return ETF during the fourth quarter valued at approximately $43,614,000. Finally, Advocacy Wealth Management LLC bought a new position in shares of Pimco Total Return ETF during the fourth quarter valued at approximately $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.