PIMCO Multi Sector Bond Active ETF $PYLD Shares Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. increased its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 29.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 811,717 shares of the company’s stock after purchasing an additional 184,629 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for approximately 1.2% of Essex Financial Services Inc.’s investment portfolio, making the stock its 14th biggest position. Essex Financial Services Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $21,657,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC raised its stake in PIMCO Multi Sector Bond Active ETF by 95.5% in the 3rd quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after purchasing an additional 4,160,437 shares during the last quarter. Bank of America Corp DE boosted its stake in PIMCO Multi Sector Bond Active ETF by 35.3% during the 3rd quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after purchasing an additional 4,059,150 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of PIMCO Multi Sector Bond Active ETF by 340.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,200,786 shares of the company’s stock worth $85,685,000 after buying an additional 2,474,706 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of PIMCO Multi Sector Bond Active ETF by 48.2% during the third quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after buying an additional 2,368,593 shares in the last quarter. Finally, Confluence Wealth Services Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at about $62,920,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

PYLD opened at $26.49 on Friday. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.92 and a twelve month high of $27.04. The firm’s 50-day moving average price is $26.35 and its 200 day moving average price is $26.62.

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.