PIMCO Multi Sector Bond Active ETF $PYLD is Sequoia Financial Advisors LLC’s 10th Largest Position

Sequoia Financial Advisors LLC lifted its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 12.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,401,335 shares of the company’s stock after acquiring an additional 1,406,458 shares during the period. PIMCO Multi Sector Bond Active ETF comprises approximately 1.6% of Sequoia Financial Advisors LLC’s holdings, making the stock its 10th largest position. Sequoia Financial Advisors LLC owned approximately 2.15% of PIMCO Multi Sector Bond Active ETF worth $328,883,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PYLD. Cornerstone Financial Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF in the first quarter valued at $32,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $34,000. Cedar Mountain Advisors LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the second quarter worth $38,000. Finally, PNC Financial Services Group Inc. grew its holdings 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 valued at $39,000 after buying an additional 1,325 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

NYSEARCA:PYLD opened at $25.95 on Thursday. 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 fifty day moving average price is $26.19 and its 200 day moving average price is $26.34.

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.