226,546 Shares in PIMCO Multi Sector Bond Active ETF $PYLD Purchased by Overbrook Management Corp

Overbrook Management Corp acquired a new position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 226,546 shares of the company’s stock, valued at approximately $5,752,000. PIMCO Multi Sector Bond Active ETF accounts for about 0.9% of Overbrook Management Corp’s holdings, making the stock its 26th biggest position.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 26.9% during the 1st quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock valued at $604,905,000 after acquiring an additional 4,896,498 shares during the period. Envestnet Asset Management Inc. increased its stake in PIMCO Multi Sector Bond Active ETF by 13.1% in the second quarter. Envestnet Asset Management Inc. now owns 13,551,778 shares of the company’s stock valued at $359,393,000 after purchasing an additional 1,570,862 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 12.8% during the second quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock valued at $328,883,000 after purchasing an additional 1,406,458 shares during the period. Advance Capital Management Inc. raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 44.7% during the first quarter. Advance Capital Management Inc. now owns 7,109,897 shares of the company’s stock valued at $186,279,000 after purchasing an additional 2,195,875 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 15.0% during the 2nd quarter. NewEdge Advisors LLC now owns 6,448,357 shares of the company’s stock worth $171,010,000 after purchasing an additional 839,295 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD traded up $0.08 during trading hours on Thursday, hitting $25.39. The stock had a trading volume of 9,948,378 shares, compared to its average volume of 4,235,086. The firm has a 50 day simple moving average of $25.91 and a 200-day simple moving average of $26.19. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.15 and a 1-year high of $27.04.

About PIMCO Multi Sector Bond Active ETF

The PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a multi-sector portfolio of fixed income instruments issued by various US and non-US public or private-sector entities. The fund has no maturity and credit rating limitations. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.