Envestnet Portfolio Solutions Inc. Boosts Stake in Pimco Total Return ETF (NYSEARCA:BOND)

Envestnet Portfolio Solutions Inc. raised its stake in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 14.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 131,724 shares of the exchange traded fund’s stock after buying an additional 16,938 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Pimco Total Return ETF were worth $11,910,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in shares of Pimco Total Return ETF during the fourth quarter valued at $27,000. SYM FINANCIAL Corp boosted its stake in shares of Pimco Total Return ETF by 2,431.6% during the 3rd quarter. SYM FINANCIAL Corp now owns 481 shares of the exchange traded fund’s stock worth $46,000 after purchasing an additional 462 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Pimco Total Return ETF during the fourth quarter worth about $62,000. EverSource Wealth Advisors LLC raised its position in shares of Pimco Total Return ETF by 50.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,030 shares of the exchange traded fund’s stock valued at $93,000 after buying an additional 344 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Pimco Total Return ETF during the fourth quarter valued at approximately $134,000.

Pimco Total Return ETF Stock Performance

BOND stock opened at $91.81 on Monday. The company has a 50 day moving average price of $91.13 and a two-hundred day moving average price of $92.09. The stock has a market capitalization of $5.43 billion, a P/E ratio of 1.62 and a beta of 0.28. Pimco Total Return ETF has a one year low of $88.88 and a one year 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.