Econ Financial Services Corp Raises Stock Holdings in PIMCO Multi Sector Bond Active ETF $PYLD

Econ Financial Services Corp grew its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 402,204 shares of the company’s stock after buying an additional 41,663 shares during the period. PIMCO Multi Sector Bond Active ETF makes up 5.5% of Econ Financial Services Corp’s portfolio, making the stock its 3rd biggest position. Econ Financial Services Corp’s holdings in PIMCO Multi Sector Bond Active ETF were worth $10,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in PIMCO Multi Sector Bond Active ETF by 41.2% during the first quarter. LPL Financial LLC now owns 5,799,134 shares of the company’s stock worth $152,807,000 after buying an additional 1,691,854 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 96.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock valued at $130,520,000 after purchasing an additional 2,417,746 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 6.4% during the 2nd quarter. Retirement Planning Group LLC now owns 4,777,442 shares of the company’s stock valued at $126,793,000 after purchasing an additional 288,106 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 27.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,528,515 shares of the company’s stock valued at $120,187,000 after purchasing an additional 971,867 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 56.4% during the 1st quarter. HighTower Advisors LLC now owns 4,056,400 shares of the company’s stock valued at $106,886,000 after purchasing an additional 1,463,026 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Trading Up 0.1%

NYSEARCA:PYLD opened at $27.02 on Wednesday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two week high of $27.03. The business’s 50-day simple moving average is $26.78 and its 200-day simple moving average is $26.41.

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.