Pimco Total Return ETF (NYSEARCA:BOND) Sees Unusually-High Trading Volume – Here’s Why

Shares of Pimco Total Return ETF (NYSEARCA:BOND) saw unusually-strong trading volume on Wednesday . Approximately 902,169 shares changed hands during mid-day trading, an increase of 214% from the previous session’s volume of 287,175 shares.The stock last traded at $92.27 and had previously closed at $92.08.

Pimco Total Return ETF Stock Up 0.2 %

The company’s 50-day moving average is $91.20 and its two-hundred day moving average is $92.07. The company has a market capitalization of $5.46 billion, a P/E ratio of 1.62 and a beta of 0.28.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Pimco Total Return ETF by 19.5% during the third quarter. JPMorgan Chase & Co. now owns 533,646 shares of the exchange traded fund’s stock valued at $50,488,000 after acquiring an additional 87,231 shares during the last quarter. Jane Street Group LLC grew its position in Pimco Total Return ETF by 726.8% during the third quarter. Jane Street Group LLC now owns 24,846 shares of the exchange traded fund’s stock valued at $2,351,000 after acquiring an additional 21,841 shares during the last quarter. Principal Securities Inc. grew its position in Pimco Total Return ETF by 2.7% during the fourth quarter. Principal Securities Inc. now owns 8,988 shares of the exchange traded fund’s stock valued at $813,000 after acquiring an additional 234 shares during the last quarter. Park Avenue Securities LLC bought a new position in Pimco Total Return ETF during the fourth quarter valued at approximately $724,000. Finally, Bank of New York Mellon Corp grew its position in Pimco Total Return ETF by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 153,114 shares of the exchange traded fund’s stock valued at $13,845,000 after acquiring an additional 4,003 shares during the last quarter.

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.