Mid American Wealth Advisory Group Inc. grew its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 450.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 477,497 shares of the company’s stock after purchasing an additional 390,797 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for about 4.6% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 6th biggest holding. Mid American Wealth Advisory Group Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $12,663,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Financial Management LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF in the 4th quarter worth approximately $28,000. GHP Investment Advisors Inc. purchased a new stake in PIMCO Multi Sector Bond Active ETF during the 1st quarter worth approximately $32,000. O Shaughnessy Asset Management LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at approximately $34,000. Cedar Mountain Advisors LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the 2nd quarter valued at approximately $38,000. Finally, PNC Financial Services Group Inc. raised 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 during the last quarter.
PIMCO Multi Sector Bond Active ETF Price Performance
NYSEARCA PYLD opened at $26.03 on Friday. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.92 and a 12-month high of $27.04. The company has a fifty day simple moving average of $26.22 and a two-hundred day simple moving average of $26.36.
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.
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