Summit Investment Advisory Services LLC Acquires 4,147 Shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Summit Investment Advisory Services LLC raised its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 54.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,706 shares of the company’s stock after acquiring an additional 4,147 shares during the period. Summit Investment Advisory Services LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PYLD. Avaii Wealth Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter worth $293,000. GSB Wealth Management LLC bought a new position in PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $1,394,000. Geneos Wealth Management Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $328,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 6.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 54,915 shares of the company’s stock valued at $1,423,000 after purchasing an additional 3,189 shares in the last quarter. Finally, Eclectic Associates Inc. ADV boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 111.5% during the fourth quarter. Eclectic Associates Inc. ADV now owns 128,542 shares of the company’s stock worth $3,332,000 after buying an additional 67,769 shares during the period.

PIMCO Multi Sector Bond Active ETF Trading Up 0.2 %

NYSEARCA:PYLD opened at $26.08 on Friday. The stock has a 50-day simple moving average of $26.05 and a 200 day simple moving average of $26.17. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.11 and a 52-week high of $26.70.

PIMCO Multi Sector Bond Active ETF 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.