Essex Financial Services Inc. Raises Holdings in PIMCO Multi Sector Bond Active ETF $PYLD

Essex Financial Services Inc. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 29.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 811,717 shares of the company’s stock after acquiring an additional 184,629 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 1.2% of Essex Financial Services Inc.’s investment portfolio, making the stock its 14th largest holding. Essex Financial Services Inc. owned 0.19% of PIMCO Multi Sector Bond Active ETF worth $21,657,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter worth about $297,000. Jane Street Group LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter worth about $3,541,000. Cetera Investment Advisers acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the second quarter worth about $261,000. JPMorgan Chase & Co. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 66.2% during the second quarter. JPMorgan Chase & Co. now owns 56,265 shares of the company’s stock worth $1,493,000 after purchasing an additional 22,411 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 73.7% during the second quarter. Raymond James Financial Inc. now owns 2,749,163 shares of the company’s stock worth $72,963,000 after purchasing an additional 1,166,083 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD stock opened at $26.49 on Friday. The business has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $26.62. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.92 and a 52-week high of $27.04.

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.