Sheridan Capital Management LLC Boosts Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Sheridan Capital Management LLC lifted its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 42.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,948 shares of the company’s stock after buying an additional 31,944 shares during the period. PIMCO Multi Sector Bond Active ETF makes up 2.0% of Sheridan Capital Management LLC’s holdings, making the stock its 11th biggest position. Sheridan Capital Management LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $2,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYLD. Cary Street Partners Investment Advisory LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter worth about $50,000. Quest 10 Wealth Builders Inc. increased its position in PIMCO Multi Sector Bond Active ETF by 50.4% during the first quarter. Quest 10 Wealth Builders Inc. now owns 1,934 shares of the company’s stock worth $51,000 after purchasing an additional 648 shares during the last quarter. Redwood Park Advisors LLC increased its position in PIMCO Multi Sector Bond Active ETF by 13.2% during the first quarter. Redwood Park Advisors LLC now owns 3,964 shares of the company’s stock worth $104,000 after purchasing an additional 462 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter valued at about $149,000. Finally, D.B. Root & Company LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter valued at about $205,000.

PIMCO Multi Sector Bond Active ETF Trading Down 0.5%

Shares of PYLD opened at $26.74 on Tuesday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.42 and a 1-year high of $27.04. The firm has a 50-day simple moving average of $26.80 and a two-hundred day simple moving average of $26.45.

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.