PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Sets New 12-Month Low – Here’s Why

Shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) hit a new 52-week low during trading on Wednesday . The company traded as low as $25.69 and last traded at $25.6950, with a volume of 1480745 shares traded. The stock had previously closed at $25.84.

PIMCO Multi Sector Bond Active ETF Stock Down 0.9%

The firm’s fifty day simple moving average is $26.09 and its two-hundred day simple moving average is $26.27.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PYLD. Bank of America Corp DE increased its position in shares of PIMCO Multi Sector Bond Active ETF by 26.9% during the first quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock valued at $604,905,000 after acquiring an additional 4,896,498 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 32,509.5% in the 2nd quarter. Waverly Advisors LLC now owns 4,417,609 shares of the company’s stock worth $117,155,000 after acquiring an additional 4,404,062 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 34.3% in the 4th quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock worth $389,102,000 after acquiring an additional 3,727,898 shares during the last quarter. Ocean Park Asset Management LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the 2nd quarter worth approximately $87,004,000. Finally, WCG Wealth Advisors LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 216.0% during the 4th quarter. WCG Wealth Advisors LLC now owns 3,486,174 shares of the company’s stock worth $93,013,000 after purchasing an additional 2,382,880 shares during the period.

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.