Horizon Wealth Management LLC Sells 2,173,148 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Horizon Wealth Management LLC lowered its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 97.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,028 shares of the company’s stock after selling 2,173,148 shares during the period. Horizon Wealth Management LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $1,206,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PYLD. Morgan Stanley grew its holdings in PIMCO Multi Sector Bond Active ETF by 33.6% during the fourth quarter. Morgan Stanley now owns 17,115,719 shares of the company’s stock valued at $456,647,000 after purchasing an additional 4,308,632 shares during the period. Bank of America Corp DE raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 35.3% in the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock valued at $417,991,000 after buying an additional 4,059,150 shares during the period. LPL Financial LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 34.3% in the fourth quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock valued at $389,102,000 after buying an additional 3,727,898 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 24.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 9,459,806 shares of the company’s stock valued at $252,388,000 after buying an additional 1,831,959 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 8.8% during the 4th quarter. HighTower Advisors LLC now owns 9,267,689 shares of the company’s stock valued at $247,262,000 after buying an additional 751,426 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Trading Down 0.7%

PYLD stock opened at $26.34 on Thursday. The stock has a fifty day moving average of $26.40 and a 200-day moving average of $26.55. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.92 and a fifty-two week 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.