PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Reaches New 12-Month Low – Here’s What Happened

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $25.69 and last traded at $25.7050, with a volume of 4812447 shares. The stock had previously closed at $25.72.

PIMCO Multi Sector Bond Active ETF Price Performance

The firm’s fifty day simple moving average is $26.14 and its 200-day simple moving average is $26.31.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

A number of institutional investors and hedge funds have recently bought and sold shares of PYLD. Bank of America Corp DE raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 26.9% in the first quarter. Bank of America Corp DE now owns 23,087,966 shares of the company’s stock worth $604,905,000 after acquiring an additional 4,896,498 shares during the last quarter. LPL Financial LLC boosted its stake in shares of PIMCO Multi Sector Bond Active ETF by 34.3% during the fourth quarter. LPL Financial LLC now owns 14,584,034 shares of the company’s stock valued at $389,102,000 after acquiring an additional 3,727,898 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of PIMCO Multi Sector Bond Active ETF by 12.8% during the second quarter. Sequoia Financial Advisors LLC now owns 12,401,335 shares of the company’s stock valued at $328,883,000 after acquiring an additional 1,406,458 shares during the last quarter. HighTower Advisors LLC increased its position in PIMCO Multi Sector Bond Active ETF by 8.8% during the 4th quarter. HighTower Advisors LLC now owns 9,267,689 shares of the company’s stock worth $247,262,000 after purchasing an additional 751,426 shares in the last quarter. Finally, Advance Capital Management Inc. raised its stake in PIMCO Multi Sector Bond Active ETF by 44.7% in the 1st quarter. Advance Capital Management Inc. now owns 7,109,897 shares of the company’s stock valued at $186,279,000 after purchasing an additional 2,195,875 shares during the last quarter.

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.