Summit Investment Advisory Services LLC Makes New $564,000 Investment in Pimco Total Return ETF (NYSEARCA:BOND)

Summit Investment Advisory Services LLC acquired a new stake in shares of Pimco Total Return ETF (NYSEARCA:BOND) during the 3rd quarter, Holdings Channel reports. The fund acquired 5,961 shares of the exchange traded fund’s stock, valued at approximately $564,000.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Pimco Total Return ETF by 534.1% during the second quarter. Farther Finance Advisors LLC now owns 20,971 shares of the exchange traded fund’s stock valued at $1,888,000 after acquiring an additional 17,664 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Pimco Total Return ETF by 3.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 37,728 shares of the exchange traded fund’s stock worth $3,466,000 after purchasing an additional 1,177 shares in the last quarter. Vicus Capital boosted its stake in Pimco Total Return ETF by 5.3% in the 1st quarter. Vicus Capital now owns 119,202 shares of the exchange traded fund’s stock worth $10,950,000 after purchasing an additional 6,002 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Pimco Total Return ETF by 9.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 107,271 shares of the exchange traded fund’s stock valued at $9,770,000 after buying an additional 9,186 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in shares of Pimco Total Return ETF during the first quarter valued at approximately $935,000.

Pimco Total Return ETF Price Performance

Shares of BOND stock traded down $0.36 during mid-day trading on Thursday, hitting $93.00. The company had a trading volume of 35,663 shares, compared to its average volume of 252,808. The stock’s 50 day moving average price is $94.06 and its 200-day moving average price is $92.03. Pimco Total Return ETF has a 52-week low of $85.10 and a 52-week high of $95.32. The company has a market capitalization of $4.28 billion, a P/E ratio of 1.59 and a beta of 0.18.

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.