Summit Investment Advisory Services LLC Trims Holdings in Pimco Total Return ETF (NYSEARCA:BOND)

Summit Investment Advisory Services LLC reduced its holdings in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 5.6% in the fourth quarter, HoldingsChannel reports. The fund owned 5,629 shares of the exchange traded fund’s stock after selling 332 shares during the period. Summit Investment Advisory Services LLC’s holdings in Pimco Total Return ETF were worth $509,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Leisure Capital Management lifted its holdings in shares of Pimco Total Return ETF by 3.6% during the third quarter. Leisure Capital Management now owns 4,342 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 150 shares during the last quarter. Mayfair Advisory Group LLC raised its stake in Pimco Total Return ETF by 2.8% during the third quarter. Mayfair Advisory Group LLC now owns 5,827 shares of the exchange traded fund’s stock valued at $544,000 after buying an additional 160 shares during the last quarter. Asset Management Group Inc. boosted its holdings in Pimco Total Return ETF by 1.1% in the third quarter. Asset Management Group Inc. now owns 14,537 shares of the exchange traded fund’s stock worth $1,375,000 after acquiring an additional 164 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in shares of Pimco Total Return ETF by 5.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 3,466 shares of the exchange traded fund’s stock worth $315,000 after acquiring an additional 165 shares during the last quarter. Finally, Kowal Investment Group LLC increased its holdings in shares of Pimco Total Return ETF by 0.8% during the third quarter. Kowal Investment Group LLC now owns 21,070 shares of the exchange traded fund’s stock valued at $1,993,000 after acquiring an additional 173 shares in the last quarter.

Pimco Total Return ETF Price Performance

BOND opened at $90.50 on Friday. The firm has a market cap of $4.16 billion, a PE ratio of 1.59 and a beta of 0.18. The stock has a 50-day moving average price of $91.09 and a 200-day moving average price of $92.43. Pimco Total Return ETF has a 1 year low of $88.88 and a 1 year 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.