Summit Financial LLC Has $63.85 Million Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Summit Financial LLC boosted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 10.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,382,094 shares of the company’s stock after buying an additional 215,757 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 0.9% of Summit Financial LLC’s holdings, making the stock its 16th biggest holding. Summit Financial LLC owned 0.55% of PIMCO Multi Sector Bond Active ETF worth $63,854,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PYLD. O Shaughnessy Asset Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $34,000. Networth Advisors LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $34,000. Legacy Wealth Managment LLC ID bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $42,000. JFS Wealth Advisors LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $51,000. Finally, GGM Financials LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $54,000.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD stock opened at $26.42 on Friday. The company’s fifty day simple moving average is $26.39 and its 200-day simple moving average is $26.59. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.92 and a 12 month 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.