Worth Asset Management LLC Invests $1.93 Million in PIMCO Multi Sector Bond Active ETF $PYLD

Worth Asset Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the first quarter, Holdings Channel reports. The institutional investor bought 73,652 shares of the company’s stock, valued at approximately $1,930,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cornerstone Financial Management LLC bought a new stake in PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $28,000. Networth Advisors LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $34,000. O Shaughnessy Asset Management LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $34,000. Legacy Wealth Managment LLC ID bought a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $42,000. Finally, JFS Wealth Advisors LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $51,000.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of NYSEARCA:PYLD opened at $26.38 on Tuesday. The firm has a fifty day simple moving average of $26.41 and a two-hundred day simple moving average of $26.57. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.92 and a 52 week high of $27.04.

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. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.