Manhattan West Asset Management LLC Takes $295,000 Position in Pimco Total Return ETF (NYSEARCA:BOND)

Manhattan West Asset Management LLC purchased a new position in Pimco Total Return ETF (NYSEARCA:BOND) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,214 shares of the exchange traded fund’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BOND. Mark Sheptoff Financial Planning LLC purchased a new stake in Pimco Total Return ETF in the first quarter valued at approximately $30,000. Palisade Asset Management LLC purchased a new stake in shares of Pimco Total Return ETF during the 1st quarter valued at $49,000. Hartline Investment Corp bought a new stake in shares of Pimco Total Return ETF during the 1st quarter worth $212,000. SOL Capital Management CO grew its position in Pimco Total Return ETF by 29.1% in the first quarter. SOL Capital Management CO now owns 3,784 shares of the exchange traded fund’s stock worth $348,000 after acquiring an additional 854 shares in the last quarter. Finally, Romano Brothers AND Company grew its position in Pimco Total Return ETF by 58.7% in the first quarter. Romano Brothers AND Company now owns 4,595 shares of the exchange traded fund’s stock worth $422,000 after acquiring an additional 1,700 shares in the last quarter.

Pimco Total Return ETF Stock Performance

NYSEARCA:BOND traded up $0.31 during mid-day trading on Friday, reaching $92.15. The stock had a trading volume of 171,866 shares, compared to its average volume of 244,012. The stock has a market capitalization of $4.24 billion, a P/E ratio of 1.59 and a beta of 0.18. The firm has a 50 day moving average price of $91.24 and a two-hundred day moving average price of $91.03. Pimco Total Return ETF has a one year low of $85.10 and a one year high of $93.18.

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.