PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Shares Acquired by Econ Financial Services Corp

Econ Financial Services Corp grew its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 746.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 352,093 shares of the company’s stock after purchasing an additional 310,498 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 5.2% of Econ Financial Services Corp’s portfolio, making the stock its 2nd biggest holding. Econ Financial Services Corp’s holdings in PIMCO Multi Sector Bond Active ETF were worth $9,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PYLD. TruWealth Advisors LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at about $46,875,000. Family Investment Center Inc. boosted its holdings in PIMCO Multi Sector Bond Active ETF by 259.1% in the third quarter. Family Investment Center Inc. now owns 1,260,959 shares of the company’s stock valued at $33,605,000 after acquiring an additional 909,842 shares during the last quarter. Falcon Wealth Planning acquired a new stake in PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at approximately $24,230,000. Retirement Planning Group LLC raised its holdings in PIMCO Multi Sector Bond Active ETF by 47.2% during the 3rd quarter. Retirement Planning Group LLC now owns 2,748,900 shares of the company’s stock worth $73,258,000 after purchasing an additional 880,999 shares during the last quarter. Finally, Cardinal Point Capital Management ULC lifted its holdings in PIMCO Multi Sector Bond Active ETF by 912.3% in the third quarter. Cardinal Point Capital Management ULC now owns 821,095 shares of the company’s stock valued at $21,882,000 after buying an additional 739,985 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

PYLD stock opened at $26.09 on Wednesday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.11 and a 1-year high of $26.70. The stock has a 50-day moving average price of $26.06 and a 200-day moving average price of $26.19.

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.