Pimco Total Return ETF (NYSE:BOND) Reaches New 52-Week Low – Here’s What Happened

Shares of Pimco Total Return ETF (NYSE:BOND) reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $86.21 and last traded at $86.23, with a volume of 343870 shares trading hands. The stock had previously closed at $86.54.

Pimco Total Return ETF Stock Performance

The firm has a market cap of $8.50 billion, a P/E ratio of 1.60 and a beta of 0.28. The business’s 50-day simple moving average is $89.52 and its 200 day simple moving average is $91.05.

Hedge Funds Weigh In On Pimco Total Return ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. LPL Financial LLC lifted its position 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 valued at $269,555,000 after purchasing an additional 587,532 shares in the last quarter. Bouchey Financial Group Ltd. purchased a new stake in Pimco Total Return ETF in the second quarter worth about $50,336,000. Legacy Private Trust Co. purchased a new stake in Pimco Total Return ETF in the third quarter worth about $41,880,000. Evolve Private Wealth LLC bought a new position in shares of Pimco Total Return ETF in the fourth quarter worth about $43,614,000. Finally, Advocacy Wealth Management LLC bought a new position in shares of Pimco Total Return ETF in the fourth quarter worth about $38,226,000.

About Pimco Total Return ETF

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.