Pimco Total Return ETF (NYSE:BOND) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Pimco Total Return ETF (NYSE:BOND)’s share price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $88.21 and traded as low as $87.66. Pimco Total Return ETF shares last traded at $87.69, with a volume of 638,321 shares.

Pimco Total Return ETF Trading Down 0.8%

The company has a market capitalization of $9.06 billion, a price-to-earnings ratio of 1.60 and a beta of 0.28. The company’s 50 day simple moving average is $88.21 and its 200-day simple moving average is $91.10.

Institutional Investors Weigh In On Pimco Total Return ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in BOND. Scarborough Advisors LLC increased its stake in Pimco Total Return ETF by 102.0% in the first quarter. Scarborough Advisors LLC now owns 297 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Latitude Advisors LLC acquired a new stake in Pimco Total Return ETF in the 3rd quarter worth about $30,000. Beaird Harris Wealth Management LLC acquired a new stake in Pimco Total Return ETF in the 2nd quarter worth about $31,000. SYM FINANCIAL Corp purchased a new stake in Pimco Total Return ETF in the 3rd quarter valued at about $40,000. Finally, Cornerstone Planning Group LLC grew its holdings in 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.

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.