PIMCO Multi Sector Bond Active ETF $PYLD is Sequoia Financial Advisors LLC’s 10th Largest Position

Sequoia Financial Advisors LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 12.8% in the second quarter, HoldingsChannel reports. The institutional investor owned 12,401,335 shares of the company’s stock after purchasing an additional 1,406,458 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for about 1.6% of Sequoia Financial Advisors LLC’s holdings, making the stock its 10th biggest position. Sequoia Financial Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $328,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cornerstone Financial Management LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $28,000. GHP Investment Advisors Inc. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter worth $32,000. O Shaughnessy Asset Management LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $34,000. Cedar Mountain Advisors LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the second quarter valued at $38,000. Finally, PNC Financial Services Group Inc. grew its stake in PIMCO Multi Sector Bond Active ETF by 757.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,500 shares of the company’s stock valued at $39,000 after purchasing an additional 1,325 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA PYLD opened at $25.95 on Thursday. PIMCO Multi Sector Bond Active ETF has a one year low of $25.92 and a one year high of $27.04. The business’s 50-day moving average price is $26.19 and its two-hundred day moving average price is $26.34.

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.