Riverchase Wealth Management LLC Raises Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Riverchase Wealth Management LLC raised its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 14.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,746 shares of the company’s stock after buying an additional 51,954 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises about 6.9% of Riverchase Wealth Management LLC’s holdings, making the stock its 6th largest position. Riverchase Wealth Management LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $10,822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 41.2% in the first quarter. LPL Financial LLC now owns 5,799,134 shares of the company’s stock valued at $152,807,000 after buying an additional 1,691,854 shares during the period. HighTower Advisors LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 56.4% during the 1st quarter. HighTower Advisors LLC now owns 4,056,400 shares of the company’s stock valued at $106,886,000 after purchasing an additional 1,463,026 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 19.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,556,648 shares of the company’s stock valued at $93,718,000 after purchasing an additional 570,359 shares during the period. NewEdge Advisors LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 25.4% during the 1st quarter. NewEdge Advisors LLC now owns 3,341,951 shares of the company’s stock valued at $88,060,000 after purchasing an additional 676,475 shares during the period. Finally, AE Wealth Management LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 19.4% during the 1st quarter. AE Wealth Management LLC now owns 3,167,078 shares of the company’s stock valued at $83,453,000 after purchasing an additional 514,758 shares during the period.

PIMCO Multi Sector Bond Active ETF Trading Down 0.1%

NYSEARCA:PYLD opened at $26.72 on Friday. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $26.96. The business’s fifty day moving average is $26.68 and its 200 day moving average is $26.34.

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.