Pasadena Private Wealth LLC cut its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 31.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 418,289 shares of the company’s stock after selling 191,042 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for 1.5% of Pasadena Private Wealth LLC’s holdings, making the stock its 17th biggest position. Pasadena Private Wealth LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $10,959,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at $28,000. GHP Investment Advisors Inc. acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter worth about $32,000. Networth Advisors LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $34,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $34,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at about $42,000.
PIMCO Multi Sector Bond Active ETF Stock Performance
Shares of PIMCO Multi Sector Bond Active ETF stock opened at $26.55 on Monday. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.92 and a twelve month high of $27.04. The business has a 50-day moving average price of $26.41 and a 200 day moving average price of $26.56.
PIMCO Multi Sector Bond Active ETF Company 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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