PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Hits New 52-Week Low – Here’s Why

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $25.82 and last traded at $25.8340, with a volume of 154211 shares changing hands. The stock had previously closed at $25.95.

PIMCO Multi Sector Bond Active ETF Trading Down 0.0%

The stock has a 50-day moving average price of $26.17 and a 200-day moving average price of $26.33.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Hedge funds have recently bought and sold shares of the stock. Cornerstone Financial Management LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter worth $28,000. GHP Investment Advisors Inc. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 1st quarter worth $32,000. O Shaughnessy Asset Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $34,000. Cedar Mountain Advisors LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the second quarter worth $38,000. Finally, PNC Financial Services Group Inc. increased its stake in PIMCO Multi Sector Bond Active ETF by 757.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after acquiring an additional 1,325 shares during the last quarter.

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.