1,348,425 PIMCO Multi Sector Bond Active ETF $PYLD Shares Purchased by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. increased its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 37.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,943,953 shares of the company’s stock after purchasing an additional 1,348,425 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up 3.3% of Confluence Wealth Services Inc.’s holdings, making the stock its 8th biggest position. Confluence Wealth Services Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $125,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Moneco Advisors LLC increased its position in PIMCO Multi Sector Bond Active ETF by 13.1% during the third quarter. Moneco Advisors LLC now owns 14,036 shares of the company’s stock valued at $356,000 after acquiring an additional 1,624 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 4.2% in the third quarter. Cornerstone Wealth Management LLC now owns 28,430 shares of the company’s stock valued at $722,000 after acquiring an additional 1,156 shares during the period. D.B. Root & Company LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 3.7% in the 3rd quarter. D.B. Root & Company LLC now owns 1,369,393 shares of the company’s stock worth $34,769,000 after acquiring an additional 49,074 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth about $150,000. Finally, RHL Group LLC boosted its stake in shares of PIMCO Multi Sector Bond Active ETF by 153.1% during the 3rd quarter. RHL Group LLC now owns 1,946 shares of the company’s stock worth $49,000 after purchasing an additional 1,177 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Down 0.6%

PYLD stock opened at $25.54 on Wednesday. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.15 and a 12 month high of $26.95. The company has a 50-day moving average price of $25.59 and a 200 day moving average price of $26.21.

PIMCO Multi Sector Bond Active ETF Profile

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.