Ocean Park Asset Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) in the second quarter, Holdings Channel.com reports. The fund acquired 3,280,700 shares of the company’s stock, valued at approximately $87,004,000. PIMCO Multi Sector Bond Active ETF comprises about 4.2% of Ocean Park Asset Management LLC’s holdings, making the stock its 8th biggest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of PYLD. Cornerstone Financial Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth $28,000. GHP Investment Advisors Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter worth $32,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $34,000. Cedar Mountain Advisors LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the second quarter valued at $38,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 757.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after purchasing an additional 1,325 shares during the last quarter.
PIMCO Multi Sector Bond Active ETF Trading Up 0.0%
NYSEARCA:PYLD opened at $26.14 on Wednesday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.92 and a 1-year high of $27.04. The stock has a fifty day simple moving average of $26.31 and a 200 day simple moving average of $26.44.
PIMCO Multi Sector Bond Active ETF Company 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.
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