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

Pimco Total Return ETF (NYSE:BOND) shares reached a new 52-week low on Tuesday . The company traded as low as $89.86 and last traded at $89.87, with a volume of 25268 shares. The stock had previously closed at $90.42.

Pimco Total Return ETF Trading Up 0.1%

The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 1.60 and a beta of 0.27. The company has a fifty day moving average price of $91.00 and a 200-day moving average price of $91.94.

Institutional Trading of Pimco Total Return ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 worth $11,715,000 after purchasing an additional 40,808 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Pimco Total Return ETF by 4.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 194,546 shares of the exchange traded fund’s stock valued at $18,108,000 after buying an additional 7,489 shares in the last quarter. McGrath & Associates Inc. lifted its position in shares of Pimco Total Return ETF by 12.0% in the fourth quarter. McGrath & Associates Inc. now owns 135,105 shares of the exchange traded fund’s stock worth $12,576,000 after buying an additional 14,450 shares during the last quarter. MCF Advisors LLC acquired a new stake in shares of Pimco Total Return ETF in the fourth quarter worth about $2,871,000. Finally, Summit Wealth Group LLC Co. bought a new stake in shares of Pimco Total Return ETF during the 4th quarter worth about $1,623,000.

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.