Institutional Investors Adjust Holdings in Pimco Total Return ETF
1 report, 1 independent
Updated Oct 22
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What happened
Catalyst Investment Management LLC reduced its position in the Pimco Total Return ETF by 16.8% during the third quarter. Conversely, Envestnet Asset Management Inc. grew its holdings by 13.0% in the second quarter, and Bank of America Corp DE lifted its position by 11.8% in the first quarter. NewEdge Advisors LLC also boosted its stake by 10.3% in the second quarter.
From dailypolitical.com
Why it matters
These changes reflect shifts in institutional investment strategies regarding the Pimco Total Return ETF. The varying actions of major firms indicate differing views on the fund's performance or market outlook.
From dailypolitical.com
Who's involved
- PIMCOInvestment management firm managing the Pimco Total Return ETF
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The entities involved
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PIMCO
investment management firm