PNC Financial Services Group Inc. Boosts Stock Position in Pimco Total Return ETF (NYSEARCA:BOND)

PNC Financial Services Group Inc. increased its holdings in Pimco Total Return ETF (NYSEARCA:BOND) by 12.2% during the 4th quarter, Holdings Channel reports. The firm owned 158,871 shares of the exchange traded fund’s stock after buying an additional 17,293 shares during the period. PNC Financial Services Group Inc.’s holdings in Pimco Total Return ETF were worth $14,365,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Aviance Capital Partners LLC grew its position in shares of Pimco Total Return ETF by 3.8% in the 4th quarter. Aviance Capital Partners LLC now owns 47,482 shares of the exchange traded fund’s stock worth $4,293,000 after buying an additional 1,736 shares during the last quarter. Novus Advisors LLC purchased a new stake in Pimco Total Return ETF in the fourth quarter worth $394,000. Destination Wealth Management boosted its holdings in Pimco Total Return ETF by 0.9% in the fourth quarter. Destination Wealth Management now owns 93,677 shares of the exchange traded fund’s stock valued at $8,470,000 after acquiring an additional 809 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Pimco Total Return ETF during the 4th quarter valued at $81,947,000. Finally, Synergy Investment Management LLC bought a new position in Pimco Total Return ETF in the 4th quarter worth $279,000.

Pimco Total Return ETF Trading Up 0.5 %

NYSEARCA:BOND opened at $92.43 on Tuesday. The company has a 50-day moving average price of $91.01 and a 200-day moving average price of $92.16. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 1.64 and a beta of 0.26. Pimco Total Return ETF has a 12 month low of $88.88 and a 12 month 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.