Smart Portfolios LLC Cuts Position in Pimco Total Return ETF (NYSEARCA:BOND)

Smart Portfolios LLC lowered its stake in Pimco Total Return ETF (NYSEARCA:BOND) by 11.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 116,084 shares of the exchange traded fund’s stock after selling 15,017 shares during the quarter. Pimco Total Return ETF comprises 11.2% of Smart Portfolios LLC’s investment portfolio, making the stock its largest holding. Smart Portfolios LLC’s holdings in Pimco Total Return ETF were worth $10,983,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOND. Mark Sheptoff Financial Planning LLC acquired a new position in shares of Pimco Total Return ETF during the first quarter worth approximately $30,000. Avion Wealth increased its stake in Pimco Total Return ETF by 28.1% during the 2nd quarter. Avion Wealth now owns 753 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 165 shares in the last quarter. Trust Co. of Vermont acquired a new position in Pimco Total Return ETF during the second quarter worth $71,000. EverSource Wealth Advisors LLC raised its holdings in Pimco Total Return ETF by 75.1% during the first quarter. EverSource Wealth Advisors LLC now owns 842 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 361 shares during the last quarter. Finally, Capital Advisors Ltd. LLC acquired a new position in shares of Pimco Total Return ETF during the second quarter valued at about $100,000.

Pimco Total Return ETF Price Performance

Shares of NYSEARCA:BOND traded down $0.76 during midday trading on Wednesday, hitting $90.86. 126,064 shares of the company’s stock were exchanged, compared to its average volume of 256,987. Pimco Total Return ETF has a 12 month low of $87.06 and a 12 month high of $95.32. The company has a market cap of $4.18 billion, a PE ratio of 1.59 and a beta of 0.18. The stock has a 50 day moving average price of $93.62 and a 200-day moving average price of $92.25.

Pimco Total Return ETF 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.