Novem Group Buys New Position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Novem Group bought a new position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 627,713 shares of the company’s stock, valued at approximately $16,270,000. PIMCO Multi Sector Bond Active ETF accounts for approximately 2.4% of Novem Group’s portfolio, making the stock its 6th largest holding. Novem Group owned approximately 2.10% of PIMCO Multi Sector Bond Active ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Kestra Investment Management LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at about $53,000. Global Trust Asset Management LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at approximately $63,000. US Bancorp DE bought a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $67,000. PNC Financial Services Group Inc. acquired a new position in PIMCO Multi Sector Bond Active ETF in the fourth quarter worth approximately $76,000. Finally, Redwood Park Advisors LLC acquired a new position in PIMCO Multi Sector Bond Active ETF in the fourth quarter worth approximately $91,000.

PIMCO Multi Sector Bond Active ETF Stock Down 0.1%

NYSEARCA PYLD opened at $26.08 on Wednesday. PIMCO Multi Sector Bond Active ETF has a 1 year low of $25.42 and a 1 year high of $26.70. The business’s fifty day moving average is $26.06 and its two-hundred day moving average is $26.09.

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.