PIMCO Multi Sector Bond Active ETF $PYLD Shares Sold by Novem Group

Novem Group cut its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 50.6% during the third quarter, Holdings Channel reports. The firm owned 776,835 shares of the company’s stock after selling 796,390 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up approximately 2.0% of Novem Group’s portfolio, making the stock its 9th largest holding. Novem Group’s holdings in PIMCO Multi Sector Bond Active ETF were worth $19,724,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter valued at $30,000. GHP Investment Advisors Inc. purchased a new position in PIMCO Multi Sector Bond Active ETF in the 1st quarter worth about $32,000. Cedar Mountain Advisors LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the 2nd quarter worth about $38,000. PNC Financial Services Group Inc. increased its stake in PIMCO Multi Sector Bond Active ETF by 757.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock worth $39,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth about $45,000.

PIMCO Multi Sector Bond Active ETF Price Performance

NYSEARCA PYLD traded down $0.05 on Monday, hitting $25.40. 7,052,881 shares of the company were exchanged, compared to its average volume of 4,354,075. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.15 and a twelve month high of $27.04. The company’s 50 day moving average price is $25.81 and its 200-day moving average price is $26.16.

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.