Cardinal Point Capital Management ULC grew its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,183,801 shares of the company’s stock after buying an additional 108,992 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for approximately 1.9% of Cardinal Point Capital Management ULC’s investment portfolio, making the stock its 12th largest position. Cardinal Point Capital Management ULC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $31,016,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Morgan Stanley lifted its holdings in PIMCO Multi Sector Bond Active ETF by 33.6% in the fourth quarter. Morgan Stanley now owns 17,115,719 shares of the company’s stock valued at $456,647,000 after acquiring an additional 4,308,632 shares during the last quarter. Bank of America Corp DE increased its stake in PIMCO Multi Sector Bond Active ETF by 35.3% during the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after acquiring an additional 4,059,150 shares during the last quarter. LPL Financial LLC raised its position in PIMCO Multi Sector Bond Active ETF by 34.3% in the fourth quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock valued at $389,102,000 after purchasing an additional 3,727,898 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in PIMCO Multi Sector Bond Active ETF by 340.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,200,786 shares of the company’s stock valued at $85,685,000 after purchasing an additional 2,474,706 shares during the period. Finally, WCG Wealth Advisors LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 216.0% in the 4th quarter. WCG Wealth Advisors LLC now owns 3,486,174 shares of the company’s stock valued at $93,013,000 after purchasing an additional 2,382,880 shares during the last quarter.
PIMCO Multi Sector Bond Active ETF Trading Up 0.2%
NYSEARCA PYLD opened at $26.49 on Thursday. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.92 and a twelve month high of $27.04. The stock has a fifty day simple moving average of $26.41 and a 200-day simple moving average of $26.56.
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.
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