Founders Financial Securities LLC lifted its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 39.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 706,014 shares of the company’s stock after acquiring an additional 199,874 shares during the period. PIMCO Multi Sector Bond Active ETF comprises about 1.1% of Founders Financial Securities LLC’s investment portfolio, making the stock its 17th biggest holding. Founders Financial Securities LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $18,836,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 35.3% in the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after buying an additional 4,059,150 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 24.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 9,459,806 shares of the company’s stock worth $252,388,000 after buying an additional 1,831,959 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 8.8% in the fourth quarter. HighTower Advisors LLC now owns 9,267,689 shares of the company’s stock worth $247,262,000 after buying an additional 751,426 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 48.2% in the third quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after buying an additional 2,368,593 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 36.0% in the fourth quarter. AE Wealth Management LLC now owns 6,479,219 shares of the company’s stock worth $172,866,000 after buying an additional 1,716,503 shares in the last quarter.
PIMCO Multi Sector Bond Active ETF Trading Up 0.1%
Shares of NYSEARCA PYLD opened at $26.49 on Friday. The firm’s 50 day moving average price is $26.35 and its 200-day moving average price is $26.62. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.92 and a 52-week 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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