NewEdge Advisors LLC grew its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 7.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 5,609,062 shares of the company’s stock after acquiring an additional 394,557 shares during the quarter. NewEdge Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $146,957,000 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. Cornerstone Financial Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter worth about $28,000. GHP Investment Advisors Inc. bought a new position in PIMCO Multi Sector Bond Active ETF in the 1st quarter worth about $32,000. Networth Advisors LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $34,000. O Shaughnessy Asset Management LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $34,000. Finally, PNC Financial Services Group Inc. increased its holdings in PIMCO Multi Sector Bond Active ETF by 757.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock worth $39,000 after purchasing an additional 1,325 shares during the period.
PIMCO Multi Sector Bond Active ETF Stock Performance
PYLD stock opened at $26.21 on Thursday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.92 and a 1-year high of $27.04. The business has a 50-day moving average price of $26.33 and a 200 day moving average price of $26.46.
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.
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