Royal Bank of Canada Raises Stock Position in Pimco Total Return ETF $BOND

Royal Bank of Canada raised its position in Pimco Total Return ETF (NYSEARCA:BOND) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 641,859 shares of the exchange traded fund’s stock after purchasing an additional 6,964 shares during the quarter. Royal Bank of Canada owned about 0.75% of Pimco Total Return ETF worth $59,230,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Pimco Total Return ETF by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 7,486 shares of the exchange traded fund’s stock valued at $692,000 after buying an additional 531 shares during the period. Goldman Sachs Group Inc. purchased a new position in Pimco Total Return ETF in the first quarter worth approximately $9,122,000. Qube Research & Technologies Ltd acquired a new stake in Pimco Total Return ETF during the second quarter worth $275,000. Darwin Wealth Management LLC acquired a new stake in Pimco Total Return ETF during the second quarter worth $6,523,000. Finally, Jane Street Group LLC purchased a new stake in Pimco Total Return ETF in the second quarter valued at $19,860,000.

Pimco Total Return ETF Stock Down 0.3%

Shares of Pimco Total Return ETF stock opened at $90.49 on Friday. Pimco Total Return ETF has a 52 week low of $90.36 and a 52 week high of $94.68. The business’s fifty day simple moving average is $91.55 and its 200-day simple moving average is $92.42. The firm has a market cap of $8.42 billion, a PE ratio of 1.60 and a beta of 0.27.

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.