BIP Wealth LLC Increases Stake in PIMCO Multi Sector Bond Active ETF $PYLD

BIP Wealth LLC boosted its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 31.6% during the 1st quarter, Holdings Channel reports. The fund owned 619,973 shares of the company’s stock after acquiring an additional 148,749 shares during the quarter. BIP Wealth LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $16,243,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at approximately $28,000. GHP Investment Advisors Inc. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 1st quarter worth $32,000. Networth Advisors LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth $34,000. O Shaughnessy Asset Management LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $34,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $42,000.

PIMCO Multi Sector Bond Active ETF Price Performance

NYSEARCA:PYLD opened at $26.39 on Friday. The business’s fifty day moving average price is $26.39 and its 200 day moving average price is $26.55. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.92 and a 12 month high of $27.04.

PIMCO Multi Sector Bond Active ETF Company 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.