PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Sees Strong Trading Volume – Here’s Why

Shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLDGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,880,134 shares were traded during mid-day trading, an increase of 207% from the previous session’s volume of 938,298 shares.The stock last traded at $26.29 and had previously closed at $26.26.

PIMCO Multi Sector Bond Active ETF Price Performance

The firm has a 50-day moving average price of $26.15 and a 200-day moving average price of $26.21.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYLD. Oppenheimer & Co. Inc. increased its position in PIMCO Multi Sector Bond Active ETF by 4.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,589 shares of the company’s stock valued at $1,188,000 after buying an additional 1,791 shares in the last quarter. TrinityPoint Wealth LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth $2,643,000. J. W. Coons Advisors LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the third quarter valued at $528,000. EnRich Financial Partners LLC lifted its position in PIMCO Multi Sector Bond Active ETF by 4.6% during the third quarter. EnRich Financial Partners LLC now owns 717,554 shares of the company’s stock valued at $19,123,000 after purchasing an additional 31,332 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in PIMCO Multi Sector Bond Active ETF during the third quarter valued at $440,000.

About PIMCO Multi Sector Bond Active ETF

(Get Free Report)

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.

Read More

Receive News & Ratings for PIMCO Multi Sector Bond Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PIMCO Multi Sector Bond Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.