Sequoia Financial Advisors LLC Buys 570,359 Shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Sequoia Financial Advisors LLC increased its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 19.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,556,648 shares of the company’s stock after purchasing an additional 570,359 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for approximately 0.7% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 26th largest position. Sequoia Financial Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $93,718,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Burkett Financial Services LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the 1st quarter worth approximately $47,000. US Bancorp DE purchased a new stake in PIMCO Multi Sector Bond Active ETF in the 4th quarter worth approximately $67,000. PNC Financial Services Group Inc. purchased a new stake in PIMCO Multi Sector Bond Active ETF in the 4th quarter worth approximately $76,000. Redwood Park Advisors LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF in the 4th quarter worth approximately $91,000. Finally, National Bank of Canada FI lifted its holdings in PIMCO Multi Sector Bond Active ETF by 2,420.9% in the 4th quarter. National Bank of Canada FI now owns 3,983 shares of the company’s stock worth $103,000 after buying an additional 3,825 shares during the period.

PIMCO Multi Sector Bond Active ETF Trading Up 0.2%

NYSEARCA PYLD opened at $26.45 on Thursday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two week high of $26.70. The stock has a 50 day simple moving average of $26.09 and a two-hundred day simple moving average of $26.10.

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.