Pimco Total Return ETF (NYSEARCA:BOND) Reaches New 12-Month Low – Here’s Why

Pimco Total Return ETF (NYSEARCA:BOND)’s share price hit a new 52-week low on Thursday . The stock traded as low as $90.40 and last traded at $90.44, with a volume of 30844 shares. The stock had previously closed at $90.73.

Pimco Total Return ETF Price Performance

The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 1.60 and a beta of 0.27. The stock has a 50 day moving average price of $91.62 and a two-hundred day moving average price of $92.54.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Taylor & Morgan Wealth Management LLC raised its position in shares of Pimco Total Return ETF by 14.2% during the second quarter. Taylor & Morgan Wealth Management LLC now owns 56,622 shares of the exchange traded fund’s stock worth $5,221,000 after acquiring an additional 7,050 shares during the last quarter. Affiance Financial LLC raised its position in shares of Pimco Total Return ETF by 30.4% in the 2nd quarter. Affiance Financial LLC now owns 126,883 shares of the exchange traded fund’s stock valued at $11,700,000 after acquiring an additional 29,567 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in Pimco Total Return ETF by 18.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 70,613 shares of the exchange traded fund’s stock worth $6,511,000 after purchasing an additional 10,849 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Pimco Total Return ETF by 9.7% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,111 shares of the exchange traded fund’s stock worth $287,000 after buying an additional 274 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its position in shares of Pimco Total Return ETF by 22.6% during the second quarter. Wealthcare Advisory Partners LLC now owns 26,104 shares of the exchange traded fund’s stock worth $2,407,000 after purchasing an additional 4,810 shares during the period.

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.