Destination Wealth Management Buys 209,432 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Destination Wealth Management boosted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,026,139 shares of the company’s stock after purchasing an additional 209,432 shares during the period. PIMCO Multi Sector Bond Active ETF comprises 2.1% of Destination Wealth Management’s portfolio, making the stock its 11th largest holding. Destination Wealth Management owned about 0.70% of PIMCO Multi Sector Bond Active ETF worth $80,737,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYLD. Morgan Stanley lifted its position 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. HighTower Advisors LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 95.5% during the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after buying an additional 4,160,437 shares during the last quarter. Bank of America Corp DE increased its holdings in PIMCO Multi Sector Bond Active ETF by 35.3% during 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 last quarter. LPL Financial LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 34.3% during 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in 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 valued at $85,685,000 after buying an additional 2,474,706 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Up 0.2%

Shares of PYLD stock opened at $26.42 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 has a 50 day simple moving average of $26.39 and a two-hundred day simple moving average of $26.59.

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.