Pimco Total Return ETF (NYSE:BOND) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Pimco Total Return ETF (NYSE:BOND)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $88.65 and traded as high as $88.72. Pimco Total Return ETF shares last traded at $88.68, with a volume of 2,650,437 shares trading hands.

Pimco Total Return ETF Stock Up 0.1%

The company has a 50-day moving average of $88.65 and a 200 day moving average of $91.39. The stock has a market capitalization of $8.69 billion, a PE ratio of 1.60 and a beta of 0.28.

Institutional Investors Weigh In On Pimco Total Return ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its holdings in Pimco Total Return ETF by 13.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,955,221 shares of the exchange traded fund’s stock worth $269,253,000 after buying an additional 340,777 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Pimco Total Return ETF by 3.2% during the third quarter. Tectonic Advisors LLC now owns 1,724,091 shares of the exchange traded fund’s stock worth $149,979,000 after buying an additional 53,714 shares in the last quarter. Bank of America Corp DE raised its position in Pimco Total Return ETF by 11.8% during the first quarter. Bank of America Corp DE now owns 1,625,567 shares of the exchange traded fund’s stock worth $150,007,000 after acquiring an additional 171,674 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Pimco Total Return ETF by 10.3% in the 2nd quarter. NewEdge Advisors LLC now owns 1,474,136 shares of the exchange traded fund’s stock valued at $135,930,000 after purchasing an additional 137,905 shares in the last quarter. Finally, Waverly Advisors LLC grew its holdings in Pimco Total Return ETF by 30.3% in the 2nd quarter. Waverly Advisors LLC now owns 1,332,448 shares of the exchange traded fund’s stock valued at $122,865,000 after buying an additional 310,172 shares during the period.

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.