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

Essex Financial Services Inc. increased its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 950,289 shares of the company’s stock after purchasing an additional 138,572 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up approximately 1.4% of Essex Financial Services Inc.’s holdings, making the stock its 11th largest holding. Essex Financial Services Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $24,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $28,000. GHP Investment Advisors Inc. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter worth about $32,000. Networth Advisors LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at approximately $34,000. O Shaughnessy Asset Management LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at approximately $34,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at approximately $42,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA PYLD opened at $26.34 on Thursday. PIMCO Multi Sector Bond Active ETF has a 1 year low of $25.92 and a 1 year high of $27.04. The firm’s 50 day moving average price is $26.40 and its 200 day moving average price is $26.55.

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.