PIMCO Multi Sector Bond Active ETF $PYLD Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lowered its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 64.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,677 shares of the company’s stock after selling 26,737 shares during the period. Summit Wealth Group LLC Co.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $373,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PYLD. MBA Advisors LLC raised its holdings in PIMCO Multi Sector Bond Active ETF by 20.7% in the 3rd quarter. MBA Advisors LLC now owns 12,875 shares of the company’s stock worth $327,000 after purchasing an additional 2,210 shares in the last quarter. Vigilare Wealth Management increased its position in shares of PIMCO Multi Sector Bond Active ETF by 77.4% during the third quarter. Vigilare Wealth Management now owns 844,709 shares of the company’s stock valued at $21,447,000 after buying an additional 368,451 shares during the period. Welch Group LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the third quarter valued at about $23,956,000. Pinnacle Financial Group LLC IL increased its position in shares of PIMCO Multi Sector Bond Active ETF by 10.0% during the third quarter. Pinnacle Financial Group LLC IL now owns 219,772 shares of the company’s stock valued at $5,580,000 after buying an additional 19,939 shares during the period. Finally, Security Financial Services INC. increased its position in shares of PIMCO Multi Sector Bond Active ETF by 2.5% during the third quarter. Security Financial Services INC. now owns 280,496 shares of the company’s stock valued at $7,122,000 after buying an additional 6,963 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

PYLD stock opened at $25.64 on Thursday. PIMCO Multi Sector Bond Active ETF has a 1 year low of $25.15 and a 1 year high of $26.95. The firm has a 50-day moving average of $25.64 and a 200 day moving average of $26.24.

PIMCO Multi Sector Bond Active ETF Company 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.