Fortitude Financial LLC Makes New $2.25 Million Investment in Pimco Total Return ETF $BOND

Fortitude Financial LLC bought a new position in Pimco Total Return ETF (NYSE:BOND) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 25,854 shares of the exchange traded fund’s stock, valued at approximately $2,249,000. Pimco Total Return ETF makes up 1.1% of Fortitude Financial LLC’s holdings, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Pimco Total Return ETF by 13.0% during the second quarter. Envestnet Asset Management Inc. now owns 2,955,221 shares of the exchange traded fund’s stock worth $269,253,000 after acquiring an additional 340,777 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Pimco Total Return ETF by 11.8% in 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 period. NewEdge Advisors LLC lifted its stake in shares of Pimco Total Return ETF by 10.3% in the 2nd 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 in the last quarter. Waverly Advisors LLC lifted its stake in shares of Pimco Total Return ETF by 30.3% in the 2nd quarter. Waverly Advisors LLC now owns 1,332,448 shares of the exchange traded fund’s stock valued at $122,865,000 after purchasing an additional 310,172 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Pimco Total Return ETF by 18.0% in the 1st quarter. Cetera Investment Advisers now owns 1,113,996 shares of the exchange traded fund’s stock valued at $102,800,000 after purchasing an additional 169,977 shares in the last quarter.

Pimco Total Return ETF Stock Performance

Shares of NYSE:BOND traded down $0.31 during trading on Monday, reaching $87.59. 812,764 shares of the stock were exchanged, compared to its average volume of 616,976. Pimco Total Return ETF has a 12-month low of $86.11 and a 12-month high of $94.68. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 1.60 and a beta of 0.28. The firm’s 50-day moving average price is $88.96 and its 200 day moving average price is $90.78.

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.