Wealth Enhancement Advisory Services LLC Boosts Holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Wealth Enhancement Advisory Services LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 12.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 439,322 shares of the company’s stock after acquiring an additional 47,083 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $11,264,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. purchased a new position in PIMCO Multi Sector Bond Active ETF during the first quarter valued at $25,000. Mather Group LLC. purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the second quarter worth about $28,000. Mark Sheptoff Financial Planning LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter worth about $53,000. Parkside Financial Bank & Trust purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth about $97,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter worth about $108,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA:PYLD traded down $0.01 during midday trading on Wednesday, hitting $26.15. The company’s stock had a trading volume of 190,723 shares, compared to its average volume of 367,467. The business’s 50 day simple moving average is $25.82 and its 200 day simple moving average is $25.62. PIMCO Multi Sector Bond Active ETF has a 12-month low of $23.76 and a 12-month high of $26.21.

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.