Pimco Total Return ETF (NYSEARCA:BOND) Hits New 52-Week Low – Time to Sell?

Pimco Total Return ETF (NYSEARCA:BOND)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $90.25 and last traded at $90.25, with a volume of 1659 shares. The stock had previously closed at $90.62.

Pimco Total Return ETF Stock Performance

The company’s 50-day simple moving average is $91.33 and its 200 day simple moving average is $92.21. The company has a market cap of $8.42 billion, a PE ratio of 1.60 and a beta of 0.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in Pimco Total Return ETF by 7.6% during the 1st quarter. AQR Capital Management LLC now owns 7,486 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 531 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Pimco Total Return ETF during the first quarter worth about $9,122,000. Qube Research & Technologies Ltd acquired a new position in shares of Pimco Total Return ETF during the second quarter worth about $275,000. Darwin Wealth Management LLC purchased a new stake in shares of Pimco Total Return ETF during the second quarter worth approximately $6,523,000. Finally, Jane Street Group LLC purchased a new stake in shares of Pimco Total Return ETF during the second quarter worth approximately $19,860,000.

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.