Pimco Total Return ETF (NYSEARCA:BOND) Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its position in Pimco Total Return ETF (NYSEARCA:BOND) by 89.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 114,524 shares of the exchange traded fund’s stock after purchasing an additional 53,951 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.25% of Pimco Total Return ETF worth $10,431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in Pimco Total Return ETF by 636.4% during the first quarter. Cetera Investment Advisers now owns 346,903 shares of the exchange traded fund’s stock worth $31,867,000 after acquiring an additional 299,795 shares during the last quarter. Koss Olinger Consulting LLC purchased a new stake in shares of Pimco Total Return ETF in the second quarter valued at approximately $23,922,000. Concurrent Investment Advisors LLC grew its position in shares of Pimco Total Return ETF by 396.3% in the first quarter. Concurrent Investment Advisors LLC now owns 278,282 shares of the exchange traded fund’s stock valued at $25,563,000 after purchasing an additional 222,211 shares in the last quarter. Prudent Investors Network Inc. acquired a new stake in shares of Pimco Total Return ETF in the first quarter valued at approximately $19,597,000. Finally, NewEdge Advisors LLC lifted its position in Pimco Total Return ETF by 81.7% during the second quarter. NewEdge Advisors LLC now owns 447,056 shares of the exchange traded fund’s stock worth $40,718,000 after buying an additional 200,971 shares in the last quarter.

Pimco Total Return ETF Stock Performance

NYSEARCA BOND opened at $94.50 on Wednesday. The stock’s fifty day moving average is $93.92 and its two-hundred day moving average is $91.89. The firm has a market capitalization of $4.35 billion, a P/E ratio of 1.59 and a beta of 0.18. Pimco Total Return ETF has a fifty-two week low of $85.10 and a fifty-two week high of $95.32.

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.