Elevation Point Wealth Partners LLC Takes Position in Pimco Total Return ETF $BOND

Elevation Point Wealth Partners LLC acquired a new position in shares of Pimco Total Return ETF (NYSEARCA:BOND) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 169,176 shares of the exchange traded fund’s stock, valued at approximately $15,793,000. Pimco Total Return ETF accounts for about 1.1% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors have also recently bought and sold shares of BOND. Ausdal Financial Partners Inc. increased its stake in Pimco Total Return ETF by 238.5% in the third quarter. Ausdal Financial Partners Inc. now owns 8,509 shares of the exchange traded fund’s stock valued at $794,000 after purchasing an additional 5,995 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Pimco Total Return ETF by 13.6% in the third quarter. Bank of America Corp DE now owns 1,229,129 shares of the exchange traded fund’s stock valued at $114,739,000 after buying an additional 146,863 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Pimco Total Return ETF by 26.4% in the third quarter. Raymond James Financial Inc. now owns 615,305 shares of the exchange traded fund’s stock valued at $57,439,000 after buying an additional 128,511 shares during the period. Barnes Wealth Management Group Inc increased its position in shares of Pimco Total Return ETF by 0.4% during the third quarter. Barnes Wealth Management Group Inc now owns 34,098 shares of the exchange traded fund’s stock worth $3,183,000 after acquiring an additional 129 shares in the last quarter. Finally, Comerica Bank grew its stake in shares of Pimco Total Return ETF by 1.8% during the 3rd quarter. Comerica Bank now owns 38,244 shares of the exchange traded fund’s stock worth $3,570,000 after acquiring an additional 659 shares in the last quarter.

Pimco Total Return ETF Price Performance

Shares of NYSEARCA BOND opened at $92.32 on Friday. The business has a 50-day moving average of $93.61 and a 200-day moving average of $93.50. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 1.60 and a beta of 0.27. Pimco Total Return ETF has a fifty-two week low of $88.95 and a fifty-two week high of $94.68.

Pimco Total Return ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Monday, March 2nd were issued a $0.39 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Pimco Total Return ETF Company Profile

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.