Pimco Total Return ETF (NYSE:BOND) Sees Large Volume Increase – Time to Buy?

Shares of Pimco Total Return ETF (NYSE:BOND) saw strong trading volume on Thursday . Approximately 995,922 shares traded hands during trading, an increase of 82% from the previous session’s volume of 547,829 shares.The stock last traded at $87.91 and had previously closed at $88.13.

Pimco Total Return ETF Trading Down 0.4%

The company has a 50 day moving average price of $90.23 and a 200-day moving average price of $91.42. The company has a market cap of $8.56 billion, a P/E ratio of 1.60 and a beta of 0.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Procyon Advisors LLC boosted its position in shares of Pimco Total Return ETF by 2.2% during the first quarter. Procyon Advisors LLC now owns 5,632 shares of the exchange traded fund’s stock valued at $520,000 after purchasing an additional 122 shares in the last quarter. Beacon Financial Advisory LLC raised its holdings in Pimco Total Return ETF by 1.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 12,659 shares of the exchange traded fund’s stock worth $1,178,000 after purchasing an additional 129 shares in the last quarter. Founders Financial Securities LLC raised its holdings in Pimco Total Return ETF by 3.9% in the first quarter. Founders Financial Securities LLC now owns 3,437 shares of the exchange traded fund’s stock worth $318,000 after purchasing an additional 129 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in Pimco Total Return ETF by 40.6% during the first quarter. Cornerstone Planning Group LLC now owns 447 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 129 shares during the period. Finally, Scarborough Advisors LLC lifted its position in Pimco Total Return ETF by 102.0% during the first quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 150 shares during the period.

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.