Riverchase Wealth Management LLC Invests $1.84 Million in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Riverchase Wealth Management LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 70,788 shares of the company’s stock, valued at approximately $1,835,000. PIMCO Multi Sector Bond Active ETF comprises about 1.4% of Riverchase Wealth Management LLC’s holdings, making the stock its 16th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at $53,000. Global Trust Asset Management LLC bought a new stake in PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at about $63,000. Eastern Bank acquired a new position in PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at about $65,000. US Bancorp DE bought a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth about $67,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $76,000.

PIMCO Multi Sector Bond Active ETF Trading Down 0.0 %

Shares of NYSEARCA:PYLD opened at $26.26 on Friday. The firm’s 50 day simple moving average is $26.22 and its 200 day simple moving average is $26.21. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.11 and a fifty-two week high of $26.70.

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.