Pimco Total Return ETF (NYSEARCA:BOND) Sees Unusually-High Trading Volume – Here’s Why

Shares of Pimco Total Return ETF (NYSEARCA:BOND) saw unusually-strong trading volume on Wednesday . Approximately 902,169 shares traded hands during mid-day trading, an increase of 214% from the previous session’s volume of 287,175 shares.The stock last traded at $92.27 and had previously closed at $92.08.

Pimco Total Return ETF Stock Up 0.2 %

The stock has a market cap of $5.46 billion, a P/E ratio of 1.62 and a beta of 0.28. The firm’s fifty day moving average price is $91.20 and its 200-day moving average price is $92.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essential Planning LLC. grew its holdings in shares of Pimco Total Return ETF by 4,238.6% in the fourth quarter. Essential Planning LLC. now owns 1,894,380 shares of the exchange traded fund’s stock worth $174,453,000 after purchasing an additional 1,850,717 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Pimco Total Return ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,546,158 shares of the exchange traded fund’s stock worth $139,804,000 after acquiring an additional 30,257 shares during the period. LPL Financial LLC lifted its stake in Pimco Total Return ETF by 16.4% in the fourth quarter. LPL Financial LLC now owns 1,482,055 shares of the exchange traded fund’s stock worth $134,007,000 after acquiring an additional 208,378 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Pimco Total Return ETF by 12.6% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,154,236 shares of the exchange traded fund’s stock worth $104,366,000 after acquiring an additional 129,366 shares during the period. Finally, Bank of America Corp DE lifted its stake in Pimco Total Return ETF by 1.4% in the fourth quarter. Bank of America Corp DE now owns 1,006,486 shares of the exchange traded fund’s stock worth $91,006,000 after acquiring an additional 14,278 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.