Stonebridge Financial Group LLC Lowers Position in PIMCO Multi Sector Bond Active ETF $PYLD

Stonebridge Financial Group LLC lessened its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,428,056 shares of the company’s stock after selling 67,903 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for approximately 2.6% of Stonebridge Financial Group LLC’s holdings, making the stock its 6th biggest holding. Stonebridge Financial Group LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $36,258,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PYLD. Cornerstone Financial Management LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $28,000. GHP Investment Advisors Inc. bought a new stake in PIMCO Multi Sector Bond Active ETF in the first quarter valued at about $32,000. Cedar Mountain Advisors LLC acquired a new position in PIMCO Multi Sector Bond Active ETF in the second quarter worth about $38,000. PNC Financial Services Group Inc. raised its position 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 worth $39,000 after purchasing an additional 1,325 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in PIMCO Multi Sector Bond Active ETF by 2,445.5% during the first quarter. International Assets Investment Management LLC now owns 2,571 shares of the company’s stock worth $67,000 after purchasing an additional 2,470 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Down 0.5%

NYSEARCA PYLD traded down $0.12 during trading on Thursday, reaching $25.27. 7,192,093 shares of the company traded hands, compared to its average volume of 4,111,920. The stock’s 50 day moving average price is $26.00 and its two-hundred day moving average price is $26.23. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.15 and a 1-year high of $27.04.

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.