Pimco Total Return ETF $BOND Stock: Tectonic Advisors LLC Boosts Position

Tectonic Advisors LLC boosted its holdings in shares of Pimco Total Return ETF (NYSE:BOND) by 3.2% in the third quarter, HoldingsChannel.com reports. The fund owned 1,724,091 shares of the exchange traded fund’s stock after buying an additional 53,714 shares during the quarter. Pimco Total Return ETF comprises about 6.4% of Tectonic Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Tectonic Advisors LLC’s holdings in Pimco Total Return ETF were worth $149,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOND. Envestnet Asset Management Inc. lifted its holdings in shares of Pimco Total Return ETF by 13.0% in the second quarter. Envestnet Asset Management Inc. now owns 2,955,221 shares of the exchange traded fund’s stock valued at $269,253,000 after purchasing an additional 340,777 shares in the last quarter. Bank of America Corp DE grew its position in shares of Pimco Total Return ETF by 11.8% in the first quarter. Bank of America Corp DE now owns 1,625,567 shares of the exchange traded fund’s stock valued at $150,007,000 after purchasing an additional 171,674 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Pimco Total Return ETF by 10.3% in the second quarter. NewEdge Advisors LLC now owns 1,474,136 shares of the exchange traded fund’s stock valued at $135,930,000 after purchasing an additional 137,905 shares during the last quarter. Waverly Advisors LLC increased its stake in shares of Pimco Total Return ETF by 30.3% during the 2nd quarter. Waverly Advisors LLC now owns 1,332,448 shares of the exchange traded fund’s stock worth $122,865,000 after purchasing an additional 310,172 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Pimco Total Return ETF by 18.0% during the 1st quarter. Cetera Investment Advisers now owns 1,113,996 shares of the exchange traded fund’s stock worth $102,800,000 after purchasing an additional 169,977 shares in the last quarter.

Pimco Total Return ETF Stock Performance

BOND stock traded down $0.18 on Friday, reaching $88.51. The company had a trading volume of 1,599,286 shares, compared to its average volume of 628,436. The company’s fifty day moving average is $88.71 and its 200 day moving average is $90.64. The company has a market cap of $8.67 billion, a P/E ratio of 1.60 and a beta of 0.28. Pimco Total Return ETF has a 1 year low of $86.11 and a 1 year high of $94.68.

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. BOND was launched on Mar 1, 2012 and is managed by PIMCO.