Ballew Advisors Inc Boosts Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Ballew Advisors Inc increased its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 283.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,150 shares of the company’s stock after purchasing an additional 31,164 shares during the quarter. Ballew Advisors Inc’s holdings in PIMCO Multi Sector Bond Active ETF were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYLD. Cornerstone Financial Management LLC bought a new position in PIMCO Multi Sector Bond Active ETF in the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter valued at approximately $32,000. Cedar Mountain Advisors LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF during the second quarter valued at approximately $38,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 worth $39,000 after buying an additional 1,325 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the third quarter worth $64,000.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of NYSEARCA:PYLD traded up $0.01 during midday trading on Monday, reaching $25.23. 8,761,827 shares of the company were exchanged, compared to its average volume of 4,145,617. The business’s fifty day moving average is $25.96 and its two-hundred day moving average is $26.22. PIMCO Multi Sector Bond Active ETF has a one year low of $25.15 and a one year high of $27.04.

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.