Gateway Wealth Partners LLC Has $27.21 Million Holdings in PIMCO Multi Sector Bond Active ETF $PYLD

Gateway Wealth Partners LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 101.7% in the first quarter, Holdings Channel reports. The institutional investor owned 1,038,649 shares of the company’s stock after buying an additional 523,665 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises about 1.1% of Gateway Wealth Partners LLC’s portfolio, making the stock its 10th biggest position. Gateway Wealth Partners LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $27,213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PYLD. Cornerstone Financial Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth about $28,000. GHP Investment Advisors Inc. bought a new position in shares of PIMCO Multi Sector Bond Active ETF in the first quarter valued at approximately $32,000. Networth Advisors LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter valued at approximately $34,000. O Shaughnessy Asset Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at approximately $34,000. Finally, PNC Financial Services Group Inc. increased its holdings in PIMCO Multi Sector Bond Active ETF by 757.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock worth $39,000 after acquiring an additional 1,325 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

NYSEARCA PYLD opened at $26.11 on Monday. PIMCO Multi Sector Bond Active ETF has a 1 year low of $25.92 and a 1 year high of $27.04. The company’s 50 day simple moving average is $26.35 and its two-hundred day simple moving average is $26.50.

PIMCO Multi Sector Bond Active ETF Company 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.