Wealth Enhancement Trust Services Inc. boosted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 82.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,756 shares of the company’s stock after acquiring an additional 145,087 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for 0.9% of Wealth Enhancement Trust Services Inc.’s investment portfolio, making the stock its 23rd largest holding. Wealth Enhancement Trust Services Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $8,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. bought a new stake in PIMCO Multi Sector Bond Active ETF during the first quarter valued at $32,000. Cedar Mountain Advisors LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the 2nd quarter worth about $38,000. PNC Financial Services Group Inc. raised its position in shares of 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 acquiring an additional 1,325 shares in the last quarter. Finally, Eastern Bank bought a new position in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth about $64,000.
PIMCO Multi Sector Bond Active ETF Trading Down 0.1%
NYSEARCA PYLD traded down $0.03 during trading hours on Wednesday, hitting $25.31. 11,366,973 shares of the company’s stock were exchanged, compared to its average volume of 4,205,329. The stock has a 50-day simple moving average of $25.93 and a 200 day simple moving average of $26.20. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.15 and a 1-year high of $27.04.
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.
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