NewEdge Advisors LLC Purchases 839,295 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

NewEdge Advisors LLC increased its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,448,357 shares of the company’s stock after acquiring an additional 839,295 shares during the quarter. NewEdge Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $171,010,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the 4th quarter worth $28,000. GHP Investment Advisors Inc. acquired a new stake in PIMCO Multi Sector Bond Active ETF in the first quarter worth about $32,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter worth about $34,000. Cedar Mountain Advisors LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the second quarter worth about $38,000. Finally, PNC Financial Services Group Inc. increased 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 acquiring an additional 1,325 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

PYLD opened at $26.00 on Wednesday. The firm’s 50-day moving average price is $26.20 and its 200-day moving average price is $26.35. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.92 and a 52-week high of $27.04.

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.