Arbor Trust Wealth Advisors LLC lifted its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 14.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 257,324 shares of the company’s stock after purchasing an additional 32,342 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for about 3.0% of Arbor Trust Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Arbor Trust Wealth Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $6,742,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. bought a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter valued at approximately $32,000. Networth Advisors LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at approximately $34,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at approximately $34,000. Finally, Legacy Wealth Managment LLC ID bought a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $42,000.
PIMCO Multi Sector Bond Active ETF Price Performance
PYLD stock opened at $26.34 on Wednesday. The stock’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $26.55. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.92 and a 1-year 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.
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