Pimco Total Return ETF (NYSE:BOND) Reaches New 12-Month Low – Should You Sell?

Shares of Pimco Total Return ETF (NYSE:BOND) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $88.53 and last traded at $88.60, with a volume of 815782 shares trading hands. The stock had previously closed at $88.66.

Pimco Total Return ETF Stock Up 0.6%

The stock has a market cap of $8.31 billion, a PE ratio of 1.60 and a beta of 0.27. The business has a 50 day moving average price of $90.43 and a 200 day moving average price of $91.56.

Institutional Investors Weigh In On Pimco Total Return ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BOND. Bouchey Financial Group Ltd. purchased a new position in shares of Pimco Total Return ETF during the 2nd quarter valued at approximately $50,336,000. Lunt Capital Management Inc. grew its position in Pimco Total Return ETF by 1.3% during the second quarter. Lunt Capital Management Inc. now owns 56,198 shares of the exchange traded fund’s stock valued at $5,182,000 after buying an additional 732 shares during the period. Capital Analysts LLC grew its position in Pimco Total Return ETF by 8.0% during the second quarter. Capital Analysts LLC now owns 137,698 shares of the exchange traded fund’s stock valued at $12,698,000 after buying an additional 10,243 shares during the period. RFG Advisory LLC grew its position in Pimco Total Return ETF by 61.1% during the second quarter. RFG Advisory LLC now owns 455,902 shares of the exchange traded fund’s stock valued at $42,039,000 after buying an additional 172,932 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in 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 buying an additional 137,905 shares in 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.