Renaissance Technologies LLC Sells 68,618 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Renaissance Technologies LLC trimmed its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 51.0% during the first quarter, HoldingsChannel.com reports. The fund owned 66,000 shares of the company’s stock after selling 68,618 shares during the quarter. Renaissance Technologies LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $1,729,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PMG Wealth Management Inc. acquired a new stake in PIMCO Multi Sector Bond Active ETF in the first quarter valued at about $5,369,000. Hobbs Group Advisors LLC raised its stake in PIMCO Multi Sector Bond Active ETF by 144.5% during the fourth quarter. Hobbs Group Advisors LLC now owns 183,162 shares of the company’s stock worth $4,887,000 after acquiring an additional 108,237 shares in the last quarter. Great Point Wealth Advisors LLC raised its stake in PIMCO Multi Sector Bond Active ETF by 20.6% during the fourth quarter. Great Point Wealth Advisors LLC now owns 755,160 shares of the company’s stock worth $20,148,000 after acquiring an additional 129,021 shares in the last quarter. RFG Advisory LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 89.1% in the first quarter. RFG Advisory LLC now owns 620,585 shares of the company’s stock worth $16,259,000 after acquiring an additional 292,370 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 310.4% in the fourth quarter. Farther Finance Advisors LLC now owns 853,803 shares of the company’s stock worth $22,779,000 after acquiring an additional 645,769 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

PYLD opened at $26.14 on Wednesday. The company’s 50 day moving average is $26.31 and its 200-day moving average is $26.44. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.92 and a 1-year high of $27.04.

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.