Summit Investment Advisory Services LLC Reduces Position in Pimco Total Return ETF (NYSEARCA:BOND)

Summit Investment Advisory Services LLC trimmed its position in Pimco Total Return ETF (NYSEARCA:BOND) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,629 shares of the exchange traded fund’s stock after selling 332 shares during the quarter. Summit Investment Advisory Services LLC’s holdings in Pimco Total Return ETF were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC bought a new position in Pimco Total Return ETF during the 4th quarter valued at approximately $218,000. Duncan Williams Asset Management LLC lifted its stake in Pimco Total Return ETF by 113.9% in the fourth quarter. Duncan Williams Asset Management LLC now owns 7,556 shares of the exchange traded fund’s stock worth $683,000 after acquiring an additional 4,024 shares during the period. Affiance Financial LLC boosted its holdings in Pimco Total Return ETF by 15.8% in the fourth quarter. Affiance Financial LLC now owns 36,219 shares of the exchange traded fund’s stock valued at $3,275,000 after acquiring an additional 4,942 shares in the last quarter. Eclectic Associates Inc. ADV increased its position in Pimco Total Return ETF by 216.5% during the 4th quarter. Eclectic Associates Inc. ADV now owns 31,079 shares of the exchange traded fund’s stock valued at $2,810,000 after purchasing an additional 21,258 shares during the period. Finally, LexAurum Advisors LLC raised its holdings in Pimco Total Return ETF by 7.0% in the 4th quarter. LexAurum Advisors LLC now owns 4,226 shares of the exchange traded fund’s stock worth $382,000 after purchasing an additional 276 shares in the last quarter.

Pimco Total Return ETF Price Performance

Shares of NYSEARCA BOND opened at $90.50 on Friday. Pimco Total Return ETF has a 1 year low of $88.88 and a 1 year high of $95.32. The stock has a market capitalization of $4.16 billion, a P/E ratio of 1.59 and a beta of 0.18. The company’s 50-day moving average is $91.09 and its 200 day moving average is $92.43.

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.