Kovack Advisors Inc. Buys 665 Shares of Pimco Total Return ETF (NYSEARCA:BOND)

Kovack Advisors Inc. raised its position in shares of Pimco Total Return ETF (NYSEARCA:BOND) by 17.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,370 shares of the exchange traded fund’s stock after purchasing an additional 665 shares during the quarter. Kovack Advisors Inc.’s holdings in Pimco Total Return ETF were worth $413,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Pimco Total Return ETF during the first quarter worth $30,000. Avion Wealth grew its holdings in Pimco Total Return ETF by 28.1% during the 2nd quarter. Avion Wealth now owns 753 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 165 shares during the period. Trust Co. of Vermont bought a new position in shares of Pimco Total Return ETF in the 2nd quarter worth about $71,000. EverSource Wealth Advisors LLC lifted its stake in shares of Pimco Total Return ETF by 75.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 842 shares of the exchange traded fund’s stock valued at $75,000 after purchasing an additional 361 shares during the period. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Pimco Total Return ETF during the 2nd quarter valued at about $100,000.

Pimco Total Return ETF Price Performance

NYSEARCA BOND opened at $91.12 on Friday. Pimco Total Return ETF has a one year low of $88.05 and a one year high of $95.32. The business has a 50 day simple moving average of $93.26 and a 200 day simple moving average of $92.31. The stock has a market capitalization of $4.19 billion, a P/E ratio of 1.59 and a beta of 0.18.

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.