Pimco Total Return ETF (NYSEARCA:BOND) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Pimco Total Return ETF (NYSEARCA:BOND) saw unusually-strong trading volume on Monday . Approximately 515,881 shares traded hands during mid-day trading, an increase of 3% from the previous session’s volume of 498,783 shares.The stock last traded at $91.23 and had previously closed at $91.11.

Pimco Total Return ETF Price Performance

The firm has a market capitalization of $7.73 billion, a price-to-earnings ratio of 1.60 and a beta of 0.28. The stock has a fifty day moving average of $92.31 and a two-hundred day moving average of $93.12.

Institutional Investors Weigh In On Pimco Total Return ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in Pimco Total Return ETF in the first quarter valued at approximately $3,289,000. Bank of America Corp DE raised its holdings in Pimco Total Return ETF by 11.8% during the 1st quarter. Bank of America Corp DE now owns 1,625,567 shares of the exchange traded fund’s stock worth $150,007,000 after purchasing an additional 171,674 shares during the last quarter. Hamilton Wealth LLC lifted its position in shares of Pimco Total Return ETF by 169.1% in the 1st quarter. Hamilton Wealth LLC now owns 112,338 shares of the exchange traded fund’s stock worth $10,367,000 after purchasing an additional 70,588 shares during the period. Centaurus Financial Inc. acquired a new position in shares of Pimco Total Return ETF in the 1st quarter worth approximately $245,000. Finally, Arkadios Wealth Advisors boosted its stake in shares of Pimco Total Return ETF by 115.0% in the 1st quarter. Arkadios Wealth Advisors now owns 23,558 shares of the exchange traded fund’s stock valued at $2,174,000 after purchasing an additional 12,602 shares during the last quarter.

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.