Royal Bank of Canada Grows Holdings in PIMCO Multi Sector Bond Active ETF $PYLD

Royal Bank of Canada lifted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 25.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,884,315 shares of the company’s stock after buying an additional 592,903 shares during the quarter. Royal Bank of Canada owned approximately 0.59% of PIMCO Multi Sector Bond Active ETF worth $75,568,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornerstone Financial Management LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at $28,000. GHP Investment Advisors Inc. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 1st quarter worth about $32,000. Networth Advisors LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $34,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $34,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 757.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock worth $39,000 after purchasing an additional 1,325 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Down 0.2%

Shares of PYLD stock opened at $26.15 on Friday. PIMCO Multi Sector Bond Active ETF has a one year low of $25.92 and a one year high of $27.04. The company’s 50-day simple moving average is $26.34 and its 200-day simple moving average is $26.48.

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. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.