Pimco Total Return ETF (NYSEARCA:BOND) Sees Strong Trading Volume – Should You Buy?

Shares of Pimco Total Return ETF (NYSEARCA:BOND) saw strong trading volume on Wednesday . 1,387,749 shares traded hands during trading, an increase of 392% from the previous session’s volume of 282,028 shares.The stock last traded at $91.90 and had previously closed at $92.03.

Pimco Total Return ETF Trading Up 0.2 %

The company has a market capitalization of $5.42 billion, a PE ratio of 1.64 and a beta of 0.26. The stock’s 50-day moving average is $91.07 and its two-hundred day moving average is $92.14.

Institutional Investors Weigh In On Pimco Total Return ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in Pimco Total Return ETF by 19.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 533,646 shares of the exchange traded fund’s stock valued at $50,488,000 after buying an additional 87,231 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Pimco Total Return ETF by 726.8% during the third quarter. Jane Street Group LLC now owns 24,846 shares of the exchange traded fund’s stock valued at $2,351,000 after acquiring an additional 21,841 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Pimco Total Return ETF by 2.7% during the fourth quarter. Principal Securities Inc. now owns 8,988 shares of the exchange traded fund’s stock valued at $813,000 after acquiring an additional 234 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Pimco Total Return ETF in the fourth quarter valued at approximately $724,000. Finally, Traction Financial Partners LLC grew its stake in Pimco Total Return ETF by 1.7% in the third quarter. Traction Financial Partners LLC now owns 37,432 shares of the exchange traded fund’s stock worth $3,541,000 after purchasing an additional 639 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.