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

Summit Financial LLC increased its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 10.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,382,094 shares of the company’s stock after purchasing an additional 215,757 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for 0.9% of Summit Financial LLC’s investment portfolio, making the stock its 16th largest holding. Summit Financial LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $63,854,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Timmons Wealth Management LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $223,000. Litman Gregory Wealth Management LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 90.3% during the fourth quarter. Litman Gregory Wealth Management LLC now owns 19,498 shares of the company’s stock worth $520,000 after buying an additional 9,253 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 8.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,187,018 shares of the company’s stock worth $85,030,000 after buying an additional 241,974 shares during the last quarter. StoneX Group Inc. acquired a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $649,000. Finally, Daybright Advisory Services Inc. acquired a new position in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $2,476,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD opened at $26.42 on Friday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.92 and a 1-year high of $27.04. 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 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.