PIMCO Multi Sector Bond Active ETF $PYLD Stock: Fragasso Financial Advisors Inc Grows Holdings

Fragasso Financial Advisors Inc raised its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,981,967 shares of the company’s stock after acquiring an additional 74,690 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for approximately 3.8% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 9th largest position. Fragasso Financial Advisors Inc owned approximately 0.48% of PIMCO Multi Sector Bond Active ETF worth $75,712,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Cornerstone Financial Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. purchased a new position in PIMCO Multi Sector Bond Active ETF during the 1st quarter worth approximately $32,000. Cedar Mountain Advisors LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the 2nd quarter worth approximately $38,000. PNC Financial Services Group Inc. increased its position in PIMCO Multi Sector Bond Active ETF by 757.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock worth $39,000 after buying an additional 1,325 shares during the period. Finally, Eastern Bank acquired a new position in PIMCO Multi Sector Bond Active ETF during the third quarter worth approximately $64,000.

PIMCO Multi Sector Bond Active ETF Price Performance

NYSEARCA PYLD traded up $0.01 on Tuesday, reaching $25.39. The stock had a trading volume of 2,206,751 shares, compared to its average volume of 4,236,106. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.15 and a 12-month high of $27.04. The business’s 50-day moving average price is $25.87 and its 200 day moving average price is $26.18.

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