Pimco Total Return ETF (NYSE:BOND) Hits New 52-Week Low – What’s Next?

Pimco Total Return ETF (NYSE:BOND)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $89.65 and last traded at $89.66, with a volume of 158613 shares traded. The stock had previously closed at $89.99.

Pimco Total Return ETF Stock Performance

The firm has a market capitalization of $8.38 billion, a PE ratio of 1.60 and a beta of 0.27. The stock’s 50 day simple moving average is $90.80 and its two-hundred day simple moving average is $91.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Koss Olinger Consulting LLC lifted its holdings in Pimco Total Return ETF by 100.5% in the fourth quarter. Koss Olinger Consulting LLC now owns 1,315,663 shares of the exchange traded fund’s stock valued at $122,462,000 after acquiring an additional 659,320 shares during the last quarter. LPL Financial LLC raised its position in Pimco Total Return ETF by 25.5% in the fourth quarter. LPL Financial LLC now owns 2,895,952 shares of the exchange traded fund’s stock valued at $269,555,000 after purchasing an additional 587,532 shares during the period. Evolve Private Wealth LLC acquired a new position in shares of Pimco Total Return ETF in the 4th quarter valued at $43,614,000. Morgan Stanley lifted its stake in shares of Pimco Total Return ETF by 14.2% in the 4th quarter. Morgan Stanley now owns 3,380,670 shares of the exchange traded fund’s stock valued at $314,673,000 after purchasing an additional 419,755 shares during the last quarter. Finally, Advocacy Wealth Management LLC purchased a new position in shares of Pimco Total Return ETF during the 4th quarter worth $38,226,000.

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.