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

Pimco Total Return ETF (NYSEARCA:BOND) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $90.36 and last traded at $90.38, with a volume of 419429 shares changing hands. The stock had previously closed at $90.79.

Pimco Total Return ETF Trading Down 0.5%

The business has a 50 day moving average price of $91.57 and a 200-day moving average price of $92.44. The firm has a market capitalization of $8.40 billion, a PE ratio of 1.60 and a beta of 0.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Novem Group raised its stake in shares of Pimco Total Return ETF by 7.3% during the 4th quarter. Novem Group now owns 230,537 shares of the exchange traded fund’s stock worth $21,458,000 after buying an additional 15,705 shares during the last quarter. BCS Wealth Management raised its position in shares of Pimco Total Return ETF by 128.8% in the fourth quarter. BCS Wealth Management now owns 134,349 shares of the exchange traded fund’s stock valued at $12,505,000 after buying an additional 75,635 shares during the last quarter. Affiance Financial LLC grew its position in shares of Pimco Total Return ETF by 33.6% in the fourth quarter. Affiance Financial LLC now owns 71,780 shares of the exchange traded fund’s stock valued at $6,681,000 after purchasing an additional 18,036 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Pimco Total Return ETF by 48.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 125,862 shares of the exchange traded fund’s stock valued at $11,715,000 after purchasing an additional 40,808 shares during the period. Finally, FSM Wealth Advisors LLC increased its stake in Pimco Total Return ETF by 11.2% in the fourth quarter. FSM Wealth Advisors LLC now owns 420,342 shares of the exchange traded fund’s stock valued at $39,125,000 after purchasing an additional 42,229 shares during the last quarter.

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.