Cornerstone Wealth Management LLC Purchases 7,350 Shares of Pimco Total Return ETF $BOND

Cornerstone Wealth Management LLC raised its position in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,060 shares of the exchange traded fund’s stock after acquiring an additional 7,350 shares during the quarter. Pimco Total Return ETF comprises 1.3% of Cornerstone Wealth Management LLC’s investment portfolio, making the stock its 10th biggest holding. Cornerstone Wealth Management LLC owned about 0.37% of Pimco Total Return ETF worth $22,970,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Transce3nd LLC boosted its position in shares of Pimco Total Return ETF by 53.0% during the 2nd quarter. Transce3nd LLC now owns 358 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 124 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Pimco Total Return ETF during the 2nd quarter worth approximately $123,000. First PREMIER Bank grew its position in shares of Pimco Total Return ETF by 9,618.8% during the 3rd quarter. First PREMIER Bank now owns 1,555 shares of the exchange traded fund’s stock worth $145,000 after buying an additional 1,539 shares during the period. HHM Wealth Advisors LLC acquired a new stake in shares of Pimco Total Return ETF during the 2nd quarter worth approximately $195,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Pimco Total Return ETF in the 3rd quarter valued at $200,000.

Pimco Total Return ETF Stock Down 0.0%

Shares of NYSEARCA BOND opened at $93.58 on Friday. The firm has a market cap of $7.19 billion, a PE ratio of 1.60 and a beta of 0.27. The company’s fifty day simple moving average is $93.46 and its 200 day simple moving average is $93.11. Pimco Total Return ETF has a 12-month low of $88.95 and a 12-month high of $94.56.

Pimco Total Return ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were paid a $0.40 dividend. The ex-dividend date was Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.1%.

Pimco Total Return ETF 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.