Pimco Total Return ETF (NYSEARCA:BOND) Stake Reduced by Tectonic Advisors LLC

Tectonic Advisors LLC cut its position in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,630,530 shares of the exchange traded fund’s stock after selling 197,720 shares during the period. Pimco Total Return ETF comprises 9.6% of Tectonic Advisors LLC’s portfolio, making the stock its biggest position. Tectonic Advisors LLC’s holdings in Pimco Total Return ETF were worth $147,433,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co purchased a new stake in Pimco Total Return ETF during the fourth quarter worth $27,000. SYM FINANCIAL Corp lifted 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. Farmers & Merchants Investments Inc. boosted its position in Pimco Total Return ETF by 39.0% during the third quarter. Farmers & Merchants Investments Inc. now owns 1,172 shares of the exchange traded fund’s stock valued at $111,000 after purchasing an additional 329 shares in the last quarter. Larson Financial Group LLC grew its stake in Pimco Total Return ETF by 13.6% in the third quarter. Larson Financial Group LLC now owns 1,794 shares of the exchange traded fund’s stock valued at $170,000 after purchasing an additional 215 shares during the last quarter. Finally, Evolution Wealth Advisors LLC bought a new position in Pimco Total Return ETF in the third quarter worth about $206,000.

Pimco Total Return ETF Stock Performance

NYSEARCA:BOND opened at $90.81 on Wednesday. The stock has a market capitalization of $4.18 billion, a P/E ratio of 1.59 and a beta of 0.18. The company’s 50-day simple moving average is $91.00 and its 200-day simple moving average is $92.39. Pimco Total Return ETF has a fifty-two week low of $88.88 and a fifty-two week high of $95.32.

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.