Cardinal Point Capital Management ULC increased its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,362,834 shares of the company’s stock after purchasing an additional 94,518 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for 1.9% of Cardinal Point Capital Management ULC’s investment portfolio, making the stock its 15th biggest position. Cardinal Point Capital Management ULC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $34,602,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Mather Group LLC. purchased a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at about $30,000. GHP Investment Advisors Inc. bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the first quarter valued at about $32,000. Cedar Mountain Advisors LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the second quarter valued at about $38,000. PNC Financial Services Group Inc. increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 757.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock worth $39,000 after buying an additional 1,325 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the third quarter worth about $45,000.
PIMCO Multi Sector Bond Active ETF Price Performance
NYSEARCA PYLD opened at $25.46 on Thursday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.15 and a 1-year high of $27.04. The stock has a 50-day moving average of $25.76 and a 200-day moving average of $26.14.
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.
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