Essex Financial Services Inc. Increases Stock Position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Essex Financial Services Inc. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 41.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,048 shares of the company’s stock after buying an additional 66,789 shares during the period. Essex Financial Services Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $5,937,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PYLD. Sanctuary Advisors LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the third quarter worth $211,000. Stifel Financial Corp acquired a new position in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter worth $1,951,000. Janney Montgomery Scott LLC increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 220.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 69,732 shares of the company’s stock valued at $1,807,000 after purchasing an additional 47,977 shares in the last quarter. Trajan Wealth LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the third quarter valued at about $15,687,000. Finally, Schmidt P J Investment Management Inc. boosted its holdings in PIMCO Multi Sector Bond Active ETF by 10.6% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 25,178 shares of the company’s stock worth $653,000 after buying an additional 2,405 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD opened at $26.13 on Tuesday. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.11 and a twelve month high of $26.70. The firm’s 50-day moving average is $26.05 and its two-hundred day moving average is $26.19.

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.