The much-awaited opening of trading in Pacific Investment Management Co.’s Total Return ETF arrived this morning.
Missing at the opening bell ceremonies at the New York Stock Exchange was PIMCO’s founder and Co-Chief Investment Officer Bill Gross, who turned the original Total Return Fund into the world’s largest mutual fund with more than $250 billion in assets.
The shares finished trading on their first day worth $99.96. Altogether, 550,375 shares changed hands on the NYSE Arca electronic exchange.
The PIMCO Total Return Exchange-Traded Fund (ETF) is designed to provide investors with another way to access PIMCO's Total Return strategy.
If you want a first peek at the holdings of the bonds held in the Total Return ETF, click the link at the bottom of this page.
If you want to see Bill Gross discuss the fund and plans for it, click here.
Tom Steinert-Threlkeld writes for Securities Technology Monitor.