Pimco Total Return ETF (NYSEARCA:BOND) Hits New 12-Month High – Here’s Why

Pimco Total Return ETF (NYSEARCA:BOND) shares hit a new 52-week high during trading on Friday . The company traded as high as $94.68 and last traded at $94.5990, with a volume of 93004 shares traded. The stock had previously closed at $94.42.

Pimco Total Return ETF Stock Up 0.2%

The firm has a market capitalization of $7.30 billion, a PE ratio of 1.60 and a beta of 0.27. The firm’s 50 day moving average price is $93.65 and its two-hundred day moving average price is $93.43.

Pimco Total Return ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.1%.

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. Assetmark Inc. increased its position in shares of Pimco Total Return ETF by 280.0% during the 2nd quarter. Assetmark Inc. now owns 2,204 shares of the exchange traded fund’s stock worth $203,000 after purchasing an additional 1,624 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Pimco Total Return ETF by 22.8% during the 3rd quarter. AE Wealth Management LLC now owns 1,004,137 shares of the exchange traded fund’s stock worth $93,736,000 after buying an additional 186,462 shares during the period. Alpha Cubed Investments LLC grew its position in shares of Pimco Total Return ETF by 17.1% in the second quarter. Alpha Cubed Investments LLC now owns 219,571 shares of the exchange traded fund’s stock valued at $20,240,000 after purchasing an additional 32,106 shares during the last quarter. Steph & Co. increased its position in Pimco Total Return ETF by 7.1% during the 3rd quarter. Steph & Co. now owns 125,256 shares of the exchange traded fund’s stock worth $11,693,000 after buying an additional 8,264 shares during the period. Finally, D.A. Davidson & CO. raised its stake in Pimco Total Return ETF by 40.7% in the 3rd quarter. D.A. Davidson & CO. now owns 94,639 shares of the exchange traded fund’s stock worth $8,835,000 after purchasing an additional 27,364 shares in the last quarter.

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.