Pimco Total Return ETF (NYSEARCA:BOND) Reaches New 12-Month High – What’s Next?

Pimco Total Return ETF (NYSEARCA:BOND)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $94.47 and last traded at $94.36, with a volume of 547415 shares. The stock had previously closed at $94.21.

Pimco Total Return ETF Stock Performance

The firm’s 50-day simple moving average is $93.08 and its 200 day simple moving average is $91.78. The stock has a market capitalization of $6.17 billion, a P/E ratio of 1.60 and a beta of 0.18.

Institutional Investors Weigh In On Pimco Total Return ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOND. Janney Montgomery Scott LLC lifted its position in Pimco Total Return ETF by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 29,691 shares of the exchange traded fund’s stock worth $2,746,000 after buying an additional 1,159 shares in the last quarter. Advisor Resource Council bought a new stake in Pimco Total Return ETF during the 1st quarter worth about $299,000. JFS Wealth Advisors LLC bought a new stake in Pimco Total Return ETF during the 1st quarter worth about $54,000. Oppenheimer & Co. Inc. raised its holdings in shares of Pimco Total Return ETF by 30.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 8,161 shares of the exchange traded fund’s stock valued at $755,000 after purchasing an additional 1,896 shares during the period. Finally, Valmark Advisers Inc. raised its holdings in shares of Pimco Total Return ETF by 49.6% in the 1st quarter. Valmark Advisers Inc. now owns 13,330 shares of the exchange traded fund’s stock valued at $1,233,000 after purchasing an additional 4,419 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.