PIMCO Multi Sector Bond Active ETF $PYLD Stock Bought by Parallel Advisors LLC

Parallel Advisors LLC lifted its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 717.1% during the third quarter, HoldingsChannel reports. The firm owned 1,420,538 shares of the company’s stock after buying an additional 1,246,684 shares during the quarter. Parallel Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $36,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Merkkuri Wealth Advisors LLC lifted its holdings in PIMCO Multi Sector Bond Active ETF by 5.6% during the third quarter. Merkkuri Wealth Advisors LLC now owns 90,979 shares of the company’s stock worth $2,310,000 after acquiring an additional 4,811 shares in the last quarter. Spectrum Advisors Inc. increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 2.7% in the third quarter. Spectrum Advisors Inc. now owns 136,472 shares of the company’s stock worth $3,465,000 after acquiring an additional 3,587 shares in the last quarter. United Advisor Group LLC increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 56.2% in the third quarter. United Advisor Group LLC now owns 20,253 shares of the company’s stock worth $514,000 after acquiring an additional 7,286 shares in the last quarter. Summit Investment Advisory Services LLC raised its position in shares of PIMCO Multi Sector Bond Active ETF by 12.7% during the third quarter. Summit Investment Advisory Services LLC now owns 69,151 shares of the company’s stock worth $1,756,000 after purchasing an additional 7,772 shares during the period. Finally, LightSquare Wealth Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the third quarter worth about $638,000.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of NYSEARCA:PYLD remained flat at $25.65 during trading on Friday. The stock had a trading volume of 5,265,490 shares, compared to its average volume of 4,564,667. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.15 and a fifty-two week high of $26.95. The firm has a 50 day simple moving average of $25.62 and a 200-day simple moving average of $26.22.

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.