PIMCO Multi Sector Bond Active ETF $PYLD Stock Holdings Lowered by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. lessened its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 64.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,677 shares of the company’s stock after selling 26,737 shares during the period. Summit Wealth Group LLC Co.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MBA Advisors LLC increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 20.7% in the 3rd quarter. MBA Advisors LLC now owns 12,875 shares of the company’s stock worth $327,000 after acquiring an additional 2,210 shares in the last quarter. Vigilare Wealth Management boosted its stake in PIMCO Multi Sector Bond Active ETF by 77.4% during the third quarter. Vigilare Wealth Management now owns 844,709 shares of the company’s stock worth $21,447,000 after acquiring an additional 368,451 shares in the last quarter. Welch Group LLC bought a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter worth about $23,956,000. Pinnacle Financial Group LLC IL grew its holdings in PIMCO Multi Sector Bond Active ETF by 10.0% in the third quarter. Pinnacle Financial Group LLC IL now owns 219,772 shares of the company’s stock worth $5,580,000 after purchasing an additional 19,939 shares during the period. Finally, Security Financial Services INC. grew its holdings in PIMCO Multi Sector Bond Active ETF by 2.5% in the third quarter. Security Financial Services INC. now owns 280,496 shares of the company’s stock worth $7,122,000 after purchasing an additional 6,963 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Up 0.5%

Shares of NYSEARCA PYLD opened at $25.64 on Thursday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.15 and a fifty-two week high of $26.95. The company has a 50 day simple moving average of $25.64 and a two-hundred day simple moving average of $26.24.

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.