Econ Financial Services Corp Has $9.13 Million Stock Position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Econ Financial Services Corp raised its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 746.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 352,093 shares of the company’s stock after acquiring an additional 310,498 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up approximately 5.2% of Econ Financial Services Corp’s holdings, making the stock its 2nd biggest position. Econ Financial Services Corp owned approximately 1.18% of PIMCO Multi Sector Bond Active ETF worth $9,126,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in PIMCO Multi Sector Bond Active ETF in the third quarter valued at approximately $211,000. Stifel Financial Corp bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter valued at about $1,951,000. Janney Montgomery Scott LLC grew its holdings in PIMCO Multi Sector Bond Active ETF by 220.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 69,732 shares of the company’s stock worth $1,807,000 after purchasing an additional 47,977 shares during the period. RFG Holdings Inc. grew its holdings in PIMCO Multi Sector Bond Active ETF by 246.1% during the third quarter. RFG Holdings Inc. now owns 170,617 shares of the company’s stock worth $4,547,000 after purchasing an additional 121,317 shares during the period. Finally, Trajan Wealth LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the third quarter worth approximately $15,687,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

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

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.