NewEdge Advisors LLC Boosts Holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

NewEdge Advisors LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 409.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,464,239 shares of the company’s stock after purchasing an additional 1,177,009 shares during the period. NewEdge Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $37,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 1st quarter valued at about $25,000. Mather Group LLC. purchased a new stake in PIMCO Multi Sector Bond Active ETF in the second quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new stake in PIMCO Multi Sector Bond Active ETF in the 2nd quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the 1st quarter valued at $53,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 1st quarter valued at $108,000.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of NYSEARCA:PYLD opened at $26.68 on Friday. The stock’s 50-day simple moving average is $26.31 and its two-hundred day simple moving average is $25.83. PIMCO Multi Sector Bond Active ETF has a 52-week low of $23.76 and a 52-week high of $26.70.

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.