Kovack Advisors Inc. Takes $935,000 Position in Pimco Total Return ETF (NYSEARCA:BOND)

Kovack Advisors Inc. purchased a new position in Pimco Total Return ETF (NYSEARCA:BOND) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,183 shares of the exchange traded fund’s stock, valued at approximately $935,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Romano Brothers AND Company increased its stake in Pimco Total Return ETF by 58.7% during the 1st quarter. Romano Brothers AND Company now owns 4,595 shares of the exchange traded fund’s stock valued at $422,000 after purchasing an additional 1,700 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in Pimco Total Return ETF by 6.9% in the 1st quarter. Physician Wealth Advisors Inc. now owns 8,591 shares of the exchange traded fund’s stock worth $765,000 after acquiring an additional 551 shares during the last quarter. Procyon Advisors LLC lifted its position in Pimco Total Return ETF by 1.5% in the 1st quarter. Procyon Advisors LLC now owns 11,610 shares of the exchange traded fund’s stock valued at $1,067,000 after acquiring an additional 176 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Pimco Total Return ETF by 1.5% during the 1st quarter. Westside Investment Management Inc. now owns 13,651 shares of the exchange traded fund’s stock valued at $1,249,000 after purchasing an additional 199 shares during the last quarter. Finally, Affiance Financial LLC boosted its stake in Pimco Total Return ETF by 54.2% during the 1st quarter. Affiance Financial LLC now owns 28,282 shares of the exchange traded fund’s stock valued at $2,598,000 after purchasing an additional 9,942 shares during the last quarter.

Pimco Total Return ETF Price Performance

BOND stock opened at $90.97 on Friday. The stock has a market capitalization of $4.18 billion, a P/E ratio of 1.59 and a beta of 0.18. Pimco Total Return ETF has a 1-year low of $85.10 and a 1-year high of $93.18. The business has a fifty day moving average price of $90.70 and a 200-day moving average price of $91.09.

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.