Mechanics Bank Trust Department Has $264,000 Position in Pimco Total Return ETF (NYSEARCA:BOND)

Mechanics Bank Trust Department reduced its holdings in Pimco Total Return ETF (NYSEARCA:BOND) by 14.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,852 shares of the exchange traded fund’s stock after selling 467 shares during the quarter. Mechanics Bank Trust Department’s holdings in Pimco Total Return ETF were worth $264,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co acquired a new stake in Pimco Total Return ETF in the 4th quarter valued at $27,000. Transce3nd LLC acquired a new stake in Pimco Total Return ETF in the 4th quarter valued at $28,000. Venturi Wealth Management LLC acquired a new stake in Pimco Total Return ETF in the 4th quarter valued at $62,000. EverSource Wealth Advisors LLC increased its stake in Pimco Total Return ETF by 50.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,030 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 344 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Pimco Total Return ETF in the 4th quarter valued at $134,000.

Pimco Total Return ETF Price Performance

Pimco Total Return ETF stock opened at $90.93 on Monday. Pimco Total Return ETF has a fifty-two week low of $88.95 and a fifty-two week high of $95.32. The firm has a market capitalization of $5.49 billion, a PE ratio of 1.61 and a beta of 0.27. The company’s 50-day moving average is $90.98 and its 200-day moving average is $91.22.

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.