Pimco Total Return ETF (NYSEARCA:BOND) Hits New 52-Week Low – What’s Next?

Shares of Pimco Total Return ETF (NYSEARCA:BOND) hit a new 52-week low during trading on Friday . The stock traded as low as $90.36 and last traded at $90.38, with a volume of 419429 shares traded. The stock had previously closed at $90.79.

Pimco Total Return ETF Trading Down 0.5%

The company has a market capitalization of $8.40 billion, a PE ratio of 1.60 and a beta of 0.27. The company’s 50 day moving average price is $91.57 and its 200-day moving average price is $92.44.

Institutional Investors Weigh In On Pimco Total Return ETF

A number of institutional investors have recently added to or reduced their stakes in BOND. Novem Group raised its holdings in shares of Pimco Total Return ETF by 7.3% in the 4th quarter. Novem Group now owns 230,537 shares of the exchange traded fund’s stock worth $21,458,000 after purchasing an additional 15,705 shares during the period. Affiance Financial LLC grew its holdings in shares of Pimco Total Return ETF by 33.6% during the 4th quarter. Affiance Financial LLC now owns 71,780 shares of the exchange traded fund’s stock worth $6,681,000 after purchasing an additional 18,036 shares during the period. BCS Wealth Management increased its position in Pimco Total Return ETF by 128.8% during the 4th quarter. BCS Wealth Management now owns 134,349 shares of the exchange traded fund’s stock worth $12,505,000 after purchasing an additional 75,635 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Pimco Total Return ETF by 48.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 125,862 shares of the exchange traded fund’s stock worth $11,715,000 after purchasing an additional 40,808 shares in the last quarter. Finally, Vavra Capital Management LLC acquired a new position in Pimco Total Return ETF during the fourth quarter valued at approximately $12,993,000.

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.