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

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

PIMCO Multi Sector Bond Active ETF Stock Performance

The business’s 50 day simple moving average is $26.19 and its two-hundred day simple moving average is $26.34.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Several institutional investors and hedge funds have recently made changes to their positions in PYLD. Bank of America Corp DE lifted its position in PIMCO Multi Sector Bond Active ETF by 26.9% in the 1st quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock valued at $604,905,000 after acquiring an additional 4,896,498 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 32,509.5% in the 2nd quarter. Waverly Advisors LLC now owns 4,417,609 shares of the company’s stock worth $117,155,000 after purchasing an additional 4,404,062 shares in the last quarter. Morgan Stanley increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 33.6% in the 4th quarter. Morgan Stanley now owns 17,115,719 shares of the company’s stock worth $456,647,000 after purchasing an additional 4,308,632 shares in the last quarter. LPL Financial LLC increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 34.3% in the 4th quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock worth $389,102,000 after purchasing an additional 3,727,898 shares in the last quarter. Finally, Ocean Park Asset Management LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the second quarter worth $87,004,000.

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.