PIMCO Multi Sector Bond Active ETF $PYLD Stock Acquired by Pinnacle Financial Group LLC IL

Pinnacle Financial Group LLC IL lifted its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 10.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,772 shares of the company’s stock after buying an additional 19,939 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 1.3% of Pinnacle Financial Group LLC IL’s portfolio, making the stock its 21st largest position. Pinnacle Financial Group LLC IL’s holdings in PIMCO Multi Sector Bond Active ETF were worth $5,580,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in PIMCO Multi Sector Bond Active ETF by 26.9% in the first quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock valued at $604,905,000 after acquiring an additional 4,896,498 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in PIMCO Multi Sector Bond Active ETF by 13.1% during the second quarter. Envestnet Asset Management Inc. now owns 13,551,778 shares of the company’s stock worth $359,393,000 after acquiring an additional 1,570,862 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 12.8% during the second quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock worth $328,883,000 after acquiring an additional 1,406,458 shares during the last quarter. Retirement Planning Group LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter valued at $193,884,000. Finally, Advance Capital Management Inc. raised its position in PIMCO Multi Sector Bond Active ETF by 44.7% in the first quarter. Advance Capital Management Inc. now owns 7,109,897 shares of the company’s stock valued at $186,279,000 after purchasing an additional 2,195,875 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PIMCO Multi Sector Bond Active ETF stock opened at $25.63 on Monday. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.15 and a 52 week high of $26.95. The business’s fifty day simple moving average is $25.68 and its 200-day simple moving average is $26.26.

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