Northwestern Mutual Wealth Management Co. Buys 1,171,310 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Northwestern Mutual Wealth Management Co. boosted its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 167.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,872,451 shares of the company’s stock after purchasing an additional 1,171,310 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.43% of PIMCO Multi Sector Bond Active ETF worth $49,957,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PYLD. HighTower Advisors LLC increased its position 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 valued at $228,577,000 after acquiring an additional 4,160,437 shares during the period. Bank of America Corp DE increased its position in shares of PIMCO Multi Sector Bond Active ETF by 35.3% in the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock valued at $417,991,000 after acquiring an additional 4,059,150 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of PIMCO Multi Sector Bond Active ETF by 340.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,200,786 shares of the company’s stock valued at $85,685,000 after acquiring an additional 2,474,706 shares during the period. 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 valued at $195,569,000 after acquiring an additional 2,368,593 shares during the period. Finally, Confluence Wealth Services Inc. purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at about $62,920,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

PYLD stock opened at $26.49 on Friday. The firm’s 50-day moving average price is $26.35 and its two-hundred day moving average price is $26.62. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.92 and a 12-month high of $27.04.

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.