White Pine Investment CO Acquires New Position in PIMCO Multi Sector Bond Active ETF $PYLD

White Pine Investment CO acquired a new stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 519,433 shares of the company’s stock, valued at approximately $13,188,000. PIMCO Multi Sector Bond Active ETF comprises about 2.6% of White Pine Investment CO’s investment portfolio, making the stock its 10th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 26.9% during the first quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock worth $604,905,000 after purchasing an additional 4,896,498 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in PIMCO Multi Sector Bond Active ETF by 13.1% during the second quarter. Envestnet Asset Management Inc. now owns 13,551,778 shares of the company’s stock valued at $359,393,000 after purchasing an additional 1,570,862 shares during the period. Sequoia Financial Advisors LLC lifted its position in PIMCO Multi Sector Bond Active ETF by 12.8% during the second quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock valued at $328,883,000 after purchasing an additional 1,406,458 shares during the period. Advance Capital Management Inc. boosted its holdings in PIMCO Multi Sector Bond Active ETF by 44.7% in the first quarter. Advance Capital Management Inc. now owns 7,109,897 shares of the company’s stock valued at $186,279,000 after purchasing an additional 2,195,875 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in PIMCO Multi Sector Bond Active ETF by 15.0% in the second quarter. NewEdge Advisors LLC now owns 6,448,357 shares of the company’s stock valued at $171,010,000 after purchasing an additional 839,295 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD stock opened at $25.50 on Friday. The business has a 50-day simple moving average of $25.82 and a 200-day simple moving average of $26.16. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.15 and a 52-week high of $27.04.

About PIMCO Multi Sector Bond Active ETF

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.