Cornerstone Wealth Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 20,930 shares of the company’s stock, valued at approximately $558,000.
Other institutional investors have also added to or reduced their stakes in the company. Networth Advisors LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $34,000. Legacy Wealth Managment LLC ID purchased a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $42,000. JFS Wealth Advisors LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $51,000. GGM Financials LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $54,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at about $67,000.
PIMCO Multi Sector Bond Active ETF Stock Performance
NYSEARCA PYLD opened at $26.22 on Monday. The company has a 50-day simple moving average of $26.37 and a two-hundred day simple moving average of $26.65. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.91 and a 12-month high of $27.04.
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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