Fortitude Financial LLC Makes New $2.25 Million Investment in Pimco Total Return ETF $BOND

Fortitude Financial LLC purchased a new position in shares of Pimco Total Return ETF (NYSE:BOND) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,854 shares of the exchange traded fund’s stock, valued at approximately $2,249,000. Pimco Total Return ETF comprises approximately 1.1% of Fortitude Financial LLC’s holdings, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richards Merrill & Peterson Inc. purchased a new position in Pimco Total Return ETF during the 3rd quarter valued at about $519,000. Strata Wealth Advisors LLC raised its position in Pimco Total Return ETF by 11.9% during the third quarter. Strata Wealth Advisors LLC now owns 13,483 shares of the exchange traded fund’s stock worth $1,173,000 after acquiring an additional 1,433 shares during the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in shares of Pimco Total Return ETF in the third quarter valued at about $400,000. Eagle Strategies LLC acquired a new stake in shares of Pimco Total Return ETF in the third quarter valued at approximately $27,206,000. Finally, Selby Wealth Management LLC increased its stake in shares of Pimco Total Return ETF by 4.4% during the 3rd quarter. Selby Wealth Management LLC now owns 66,883 shares of the exchange traded fund’s stock worth $5,818,000 after purchasing an additional 2,838 shares in the last quarter.

Pimco Total Return ETF Stock Down 0.4%

Shares of Pimco Total Return ETF stock traded down $0.31 during trading on Monday, hitting $87.59. 812,764 shares of the company were exchanged, compared to its average volume of 616,976. Pimco Total Return ETF has a fifty-two week low of $86.11 and a fifty-two week high of $94.68. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 1.60 and a beta of 0.28. The firm has a 50 day moving average price of $88.96 and a 200 day moving average price of $90.78.

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.