Pimco Total Return ETF (NYSEARCA:BOND) Hits New 1-Year Low – Here’s Why

Pimco Total Return ETF (NYSEARCA:BOND) shares hit a new 52-week low on Monday . The stock traded as low as $90.25 and last traded at $90.25, with a volume of 1659 shares. The stock had previously closed at $90.62.

Pimco Total Return ETF Stock Performance

The firm has a fifty day moving average price of $91.33 and a 200 day moving average price of $92.21. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 1.60 and a beta of 0.27.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Procyon Advisors LLC increased its stake in Pimco Total Return ETF by 2.2% in the 1st quarter. Procyon Advisors LLC now owns 5,632 shares of the exchange traded fund’s stock valued at $520,000 after buying an additional 122 shares during the last quarter. Barnes Wealth Management Group Inc grew its holdings in shares of Pimco Total Return ETF by 0.4% in the 3rd quarter. Barnes Wealth Management Group Inc now owns 34,098 shares of the exchange traded fund’s stock valued at $3,183,000 after acquiring an additional 129 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of Pimco Total Return ETF by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 12,659 shares of the exchange traded fund’s stock valued at $1,178,000 after acquiring an additional 129 shares during the last quarter. Founders Financial Securities LLC raised its holdings in Pimco Total Return ETF by 3.9% during the first quarter. Founders Financial Securities LLC now owns 3,437 shares of the exchange traded fund’s stock worth $318,000 after acquiring an additional 129 shares in the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in Pimco Total Return ETF by 40.6% during the first quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 129 shares during the last quarter.

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.