Pimco Total Return ETF (NYSEARCA:BOND) Hits New 12-Month Low – Here’s What Happened

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

Pimco Total Return ETF Stock Down 0.5%

The stock has a market capitalization of $8.40 billion, a PE ratio of 1.60 and a beta of 0.27. The company has a 50-day moving average of $91.09 and a 200 day moving average of $92.00.

Institutional Investors Weigh In On Pimco Total Return ETF

A number of large investors have recently modified their holdings of the business. Scarborough Advisors LLC lifted its stake in shares of Pimco Total Return ETF by 102.0% in the first quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 150 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new stake in Pimco Total Return ETF during the 2nd quarter valued at about $31,000. Cornerstone Planning Group LLC grew its stake in Pimco Total Return ETF by 40.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 129 shares in the last quarter. Evolution Wealth Management Inc. acquired a new stake in Pimco Total Return ETF in the 4th quarter valued at about $57,000. Finally, Trust Co. of Vermont acquired a new stake in Pimco Total Return ETF in the 2nd quarter valued at about $72,000.

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.