Northwestern Mutual Wealth Management Co. Increases Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Northwestern Mutual Wealth Management Co. lifted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 167.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,872,451 shares of the company’s stock after buying an additional 1,171,310 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $49,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Networth Advisors LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $34,000. Legacy Wealth Managment LLC ID purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $42,000. JFS Wealth Advisors LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $51,000. GGM Financials LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $54,000. Finally, Texas Capital Bancshares Inc TX purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the third quarter valued at about $67,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD stock opened at $26.49 on Friday. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.92 and a 12 month high of $27.04. The company’s fifty day moving average price is $26.35 and its 200-day moving average price is $26.62.

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.