Pimco Total Return ETF (NYSE:BOND) Reaches New 1-Year Low – Should You Sell?

Pimco Total Return ETF (NYSE:BOND)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $86.01 and last traded at $86.01, with a volume of 1,804 shares. The stock had previously closed at $87.08.

Pimco Total Return ETF Stock Performance

The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 1.60 and a beta of 0.28. The business’s 50 day moving average price is $89.15 and its 200-day moving average price is $90.86.

Hedge Funds Weigh In On Pimco Total Return ETF

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