NewEdge Advisors LLC Purchases 200,971 Shares of Pimco Total Return ETF (NYSEARCA:BOND)

NewEdge Advisors LLC increased its position in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 81.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 447,056 shares of the exchange traded fund’s stock after buying an additional 200,971 shares during the period. NewEdge Advisors LLC’s holdings in Pimco Total Return ETF were worth $40,718,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BOND. Farther Finance Advisors LLC increased its holdings in shares of Pimco Total Return ETF by 534.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 20,971 shares of the exchange traded fund’s stock valued at $1,888,000 after acquiring an additional 17,664 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Pimco Total Return ETF by 3.2% during the first quarter. Geneos Wealth Management Inc. now owns 37,728 shares of the exchange traded fund’s stock valued at $3,466,000 after buying an additional 1,177 shares during the last quarter. Vicus Capital boosted its holdings in shares of Pimco Total Return ETF by 5.3% in the 1st quarter. Vicus Capital now owns 119,202 shares of the exchange traded fund’s stock valued at $10,950,000 after buying an additional 6,002 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Pimco Total Return ETF by 9.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 107,271 shares of the exchange traded fund’s stock valued at $9,770,000 after acquiring an additional 9,186 shares in the last quarter. Finally, Kovack Advisors Inc. purchased a new position in Pimco Total Return ETF during the 1st quarter worth $935,000.

Pimco Total Return ETF Stock Up 0.3 %

BOND opened at $94.88 on Friday. The firm’s 50-day moving average price is $93.81 and its 200-day moving average price is $91.84. The company has a market cap of $4.36 billion, a P/E ratio of 1.59 and a beta of 0.18. Pimco Total Return ETF has a 52-week low of $85.10 and a 52-week high of $95.32.

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.