Breakwater Capital Group grew its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 449,562 shares of the company’s stock after purchasing an additional 23,059 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for 1.4% of Breakwater Capital Group’s holdings, making the stock its 12th largest holding. Breakwater Capital Group’s holdings in PIMCO Multi Sector Bond Active ETF were worth $11,922,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in PYLD. Cornerstone Financial Management LLC bought 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 PIMCO Multi Sector Bond Active ETF during the first quarter worth about $32,000. O Shaughnessy Asset Management LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth about $34,000. Networth Advisors LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth about $34,000. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the second quarter worth about $38,000.
PIMCO Multi Sector Bond Active ETF Price Performance
NYSEARCA PYLD opened at $26.21 on Friday. The company’s 50 day moving average is $26.32 and its 200-day moving average is $26.46. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.92 and a 12-month 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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Want to see what other hedge funds are holding PYLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report).
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