PIMCO Multi Sector Bond Active ETF $PYLD Stock Position Raised by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 9.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 237,286 shares of the company’s stock after purchasing an additional 20,712 shares during the quarter. Truist Financial Corp’s holdings in PIMCO Multi Sector Bond Active ETF were worth $6,331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PYLD. HighTower Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 95.5% during the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock worth $228,577,000 after acquiring an additional 4,160,437 shares during the last quarter. Bank of America Corp DE grew its position in shares of PIMCO Multi Sector Bond Active ETF by 35.3% during the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after acquiring an additional 4,059,150 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 68.4% during the third quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock worth $204,731,000 after acquiring an additional 3,099,332 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 340.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,200,786 shares of the company’s stock worth $85,685,000 after acquiring an additional 2,474,706 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of PIMCO Multi Sector Bond Active ETF by 48.2% during the third quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after acquiring an additional 2,368,593 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

PIMCO Multi Sector Bond Active ETF stock opened at $26.47 on Friday. The company has a 50-day simple moving average of $26.43 and a 200-day simple moving average of $26.68. PIMCO Multi Sector Bond Active ETF has a one year low of $25.91 and a one year high of $27.04.

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.