Pimco Total Return ETF (NYSEARCA:BOND) Reaches New 12-Month Low – Here’s Why

Pimco Total Return ETF (NYSEARCA:BOND)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $90.40 and last traded at $90.44, with a volume of 30844 shares traded. The stock had previously closed at $90.73.

Pimco Total Return ETF Stock Performance

The firm has a market capitalization of $8.27 billion, a P/E ratio of 1.60 and a beta of 0.27. The firm’s 50-day moving average is $91.62 and its 200 day moving average is $92.54.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BOND. Taylor & Morgan Wealth Management LLC grew its holdings in shares of Pimco Total Return ETF by 14.2% in the 2nd quarter. Taylor & Morgan Wealth Management LLC now owns 56,622 shares of the exchange traded fund’s stock valued at $5,221,000 after acquiring an additional 7,050 shares in the last quarter. Affiance Financial LLC boosted its holdings in shares of Pimco Total Return ETF by 30.4% in the 2nd quarter. Affiance Financial LLC now owns 126,883 shares of the exchange traded fund’s stock valued at $11,700,000 after buying an additional 29,567 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Pimco Total Return ETF by 18.2% in the second quarter. Redhawk Wealth Advisors Inc. now owns 70,613 shares of the exchange traded fund’s stock valued at $6,511,000 after acquiring an additional 10,849 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Pimco Total Return ETF by 9.7% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,111 shares of the exchange traded fund’s stock valued at $287,000 after purchasing an additional 274 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Pimco Total Return ETF by 22.6% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 26,104 shares of the exchange traded fund’s stock worth $2,407,000 after acquiring an additional 4,810 shares during the period.

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.