Destination Wealth Management lifted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 10.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,816,707 shares of the company’s stock after purchasing an additional 255,984 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for about 2.1% of Destination Wealth Management’s investment portfolio, making the stock its 14th largest holding. Destination Wealth Management’s holdings in PIMCO Multi Sector Bond Active ETF were worth $75,600,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in PIMCO Multi Sector Bond Active ETF by 35.3% during the 3rd quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after buying an additional 4,059,150 shares during the period. HighTower Advisors LLC boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 95.5% in the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock worth $228,577,000 after buying an additional 4,160,437 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of PIMCO Multi Sector Bond Active ETF by 68.4% in the third quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock worth $204,731,000 after acquiring an additional 3,099,332 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of PIMCO Multi Sector Bond Active ETF by 48.2% in the third quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after acquiring an additional 2,368,593 shares in the last quarter. Finally, Retirement Planning Group LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 11.0% during the third quarter. Retirement Planning Group LLC now owns 5,301,950 shares of the company’s stock valued at $142,304,000 after acquiring an additional 524,508 shares during the period.
PIMCO Multi Sector Bond Active ETF Stock Performance
PYLD stock opened at $26.24 on Monday. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $27.04. The company’s 50 day simple moving average is $26.77 and its 200-day simple moving average is $26.78.
PIMCO Multi Sector Bond Active ETF Announces Dividend
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.
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