1620 Investment Advisors Inc. Sells 2,174 Shares of Pimco Total Return ETF (NYSEARCA:BOND)

1620 Investment Advisors Inc. cut its position in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 16.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,098 shares of the exchange traded fund’s stock after selling 2,174 shares during the quarter. Pimco Total Return ETF accounts for 0.8% of 1620 Investment Advisors Inc.’s portfolio, making the stock its 28th biggest holding. 1620 Investment Advisors Inc.’s holdings in Pimco Total Return ETF were worth $1,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC bought a new position in Pimco Total Return ETF during the first quarter worth about $30,000. Palisade Asset Management LLC bought a new position in shares of Pimco Total Return ETF in the first quarter worth about $49,000. Avion Wealth boosted its holdings in shares of Pimco Total Return ETF by 28.1% during the 2nd quarter. Avion Wealth now owns 753 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 165 shares in the last quarter. Trust Co. of Vermont acquired a new position in Pimco Total Return ETF in the 2nd quarter valued at approximately $71,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Pimco Total Return ETF by 75.1% during the first quarter. EverSource Wealth Advisors LLC now owns 842 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 361 shares during the period.

Pimco Total Return ETF Stock Performance

Shares of NYSEARCA:BOND opened at $91.96 on Thursday. The firm has a market cap of $4.23 billion, a P/E ratio of 1.59 and a beta of 0.18. Pimco Total Return ETF has a 52-week low of $85.49 and a 52-week high of $95.32. The business’s 50 day simple moving average is $93.82 and its two-hundred day simple moving average is $92.16.

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.