Palouse Capital Management Inc. Has $5.23 Million Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Palouse Capital Management Inc. lifted its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 22.8% during the 2nd quarter, Holdings Channel reports. The firm owned 197,177 shares of the company’s stock after purchasing an additional 36,588 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises 3.3% of Palouse Capital Management Inc.’s portfolio, making the stock its 4th biggest holding. Palouse Capital Management Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $5,229,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $28,000. GHP Investment Advisors Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the first quarter valued at approximately $32,000. Networth Advisors LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth approximately $34,000. O Shaughnessy Asset Management LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth approximately $34,000. Finally, Cedar Mountain Advisors LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 2nd quarter worth approximately $38,000.

PIMCO Multi Sector Bond Active ETF Price Performance

PYLD stock opened at $26.15 on Friday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.92 and a 1-year high of $27.04. The business’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $26.46.

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.