Cornerstone Wealth Management LLC Increases Stock Position in Pimco Total Return ETF (NYSEARCA:BOND)

Cornerstone Wealth Management LLC boosted its holdings in Pimco Total Return ETF (NYSEARCA:BOND) by 10.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,362 shares of the exchange traded fund’s stock after acquiring an additional 9,909 shares during the quarter. Pimco Total Return ETF accounts for approximately 0.7% of Cornerstone Wealth Management LLC’s holdings, making the stock its 27th largest position. Cornerstone Wealth Management LLC owned approximately 0.23% of Pimco Total Return ETF worth $10,063,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BOND. CWM LLC grew its stake in shares of Pimco Total Return ETF by 16.3% in the third quarter. CWM LLC now owns 3,612,414 shares of the exchange traded fund’s stock worth $341,770,000 after acquiring an additional 505,632 shares during the period. Cetera Investment Advisers grew its position in Pimco Total Return ETF by 636.4% in the 1st quarter. Cetera Investment Advisers now owns 346,903 shares of the exchange traded fund’s stock worth $31,867,000 after purchasing an additional 299,795 shares during the period. Koss Olinger Consulting LLC purchased a new stake in Pimco Total Return ETF during the 2nd quarter valued at $23,922,000. Concurrent Investment Advisors LLC lifted its holdings in shares of Pimco Total Return ETF by 396.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 278,282 shares of the exchange traded fund’s stock valued at $25,563,000 after buying an additional 222,211 shares during the period. Finally, Prudent Investors Network Inc. purchased a new position in shares of Pimco Total Return ETF in the 1st quarter worth $19,597,000.

Pimco Total Return ETF Price Performance

Shares of BOND opened at $93.36 on Thursday. Pimco Total Return ETF has a one year low of $85.10 and a one year high of $95.32. The business has a fifty day moving average of $94.06 and a 200 day moving average of $92.03. The firm has a market capitalization of $4.29 billion, a P/E ratio of 1.59 and a beta of 0.18.

Pimco Total Return ETF 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.