Pimco Total Return ETF (NYSE:BOND) Sees Strong Trading Volume – Time to Buy?

Shares of Pimco Total Return ETF (NYSE:BOND) saw unusually-high trading volume on Thursday . Approximately 995,922 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 547,829 shares.The stock last traded at $87.91 and had previously closed at $88.13.

Pimco Total Return ETF Price Performance

The firm’s 50 day moving average is $90.23 and its 200 day moving average is $91.42. The firm has a market cap of $8.56 billion, a P/E ratio of 1.60 and a beta of 0.27.

Institutional Trading of Pimco Total Return ETF

A number of hedge funds have recently made changes to their positions in the stock. Scarborough Advisors LLC raised its stake in Pimco Total Return ETF by 102.0% during the first quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 150 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new stake in Pimco Total Return ETF in the second quarter worth $31,000. Cornerstone Planning Group LLC grew its stake in shares of Pimco Total Return ETF by 40.6% in the first quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 129 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Pimco Total Return ETF by 55.2% in the second quarter. Allianz Asset Management GmbH now owns 610 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 217 shares during the last quarter. Finally, Evolution Wealth Management Inc. bought a new position in shares of Pimco Total Return ETF during the fourth quarter valued at $57,000.

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.