Apollon Financial LLC Makes New $1.47 Million Investment in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Apollon Financial LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the 1st quarter, Holdings Channel reports. The fund purchased 55,703 shares of the company’s stock, valued at approximately $1,468,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PYLD. Burkett Financial Services LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 1st quarter valued at about $47,000. Quest 10 Wealth Builders Inc. raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 50.4% in the 1st quarter. Quest 10 Wealth Builders Inc. now owns 1,934 shares of the company’s stock valued at $51,000 after purchasing an additional 648 shares during the period. US Bancorp DE bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $67,000. PNC Financial Services Group Inc. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $76,000. Finally, Redwood Park Advisors LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $91,000.

PIMCO Multi Sector Bond Active ETF Stock Down 0.3%

Shares of PYLD stock opened at $26.32 on Monday. The firm’s 50-day moving average is $26.19 and its 200-day moving average is $26.13. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $26.70.

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.