Fortress Wealth Management Inc. grew its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD – Free Report) by 45.6% during the third quarter, Holdings Channel reports. The firm owned 496,161 shares of the company’s stock after acquiring an additional 155,291 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises about 6.6% of Fortress Wealth Management Inc.’s holdings, making the stock its 3rd largest position. Fortress Wealth Management Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $13,223,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cape Investment Advisory Inc. acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the 1st quarter valued at about $25,000. Mather Group LLC. bought a new stake in PIMCO Multi Sector Bond Active ETF in the 2nd quarter valued at about $28,000. First Horizon Advisors Inc. bought a new stake in PIMCO Multi Sector Bond Active ETF in the 2nd quarter valued at about $28,000. Mark Sheptoff Financial Planning LLC bought a new stake in PIMCO Multi Sector Bond Active ETF during the 1st quarter worth approximately $53,000. Finally, Future Financial Wealth Managment LLC bought a new stake in PIMCO Multi Sector Bond Active ETF during the 1st quarter worth approximately $108,000.
PIMCO Multi Sector Bond Active ETF Stock Performance
PYLD traded up $0.02 during midday trading on Friday, reaching $26.37. 1,288,282 shares of the company were exchanged, compared to its average volume of 476,452. The company’s fifty day moving average price is $26.43 and its 200 day moving average price is $25.90. PIMCO Multi Sector Bond Active ETF has a one year low of $23.76 and a one year high of $26.70.
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.
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