Pimco Total Return ETF (NYSE:BOND) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Pimco Total Return ETF (NYSE:BOND) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $88.65 and traded as high as $88.72. Pimco Total Return ETF shares last traded at $88.68, with a volume of 2,650,437 shares traded.

Pimco Total Return ETF Stock Up 0.3%

The company has a market cap of $8.71 billion, a P/E ratio of 1.60 and a beta of 0.28. The stock has a 50 day moving average price of $88.56 and a two-hundred day moving average price of $91.34.

Institutional Investors Weigh In On Pimco Total Return ETF

Several institutional investors have recently made changes to their positions in the stock. Scarborough Advisors LLC grew its position 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 period. Beaird Harris Wealth Management LLC bought a new position in shares of Pimco Total Return ETF in the second quarter worth $31,000. Latitude Advisors LLC bought a new position in shares of Pimco Total Return ETF in the third quarter valued at approximately $30,000. Cornerstone Planning Group LLC grew its position in shares of 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 purchasing an additional 129 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new position in Pimco Total Return ETF in the 3rd quarter worth about $40,000.

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.