PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 267.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,083,634 shares of the company’s stock after acquiring an additional 788,906 shares during the quarter. Envestnet Asset Management Inc. owned 3.62% of PIMCO Multi Sector Bond Active ETF worth $27,784,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the second quarter worth approximately $58,356,000. Retirement Planning Group LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the second quarter valued at approximately $47,893,000. Krilogy Financial LLC raised its stake in PIMCO Multi Sector Bond Active ETF by 20.3% during the 2nd quarter. Krilogy Financial LLC now owns 1,279,510 shares of the company’s stock worth $32,807,000 after acquiring an additional 215,580 shares in the last quarter. Pictet North America Advisors SA acquired a new position in PIMCO Multi Sector Bond Active ETF during the first quarter worth approximately $18,920,000. Finally, First Heartland Consultants Inc. raised its position in PIMCO Multi Sector Bond Active ETF by 3.9% in the 2nd quarter. First Heartland Consultants Inc. now owns 713,915 shares of the company’s stock valued at $18,305,000 after purchasing an additional 26,522 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD stock opened at $26.66 on Friday. The business’s 50 day moving average is $26.24 and its two-hundred day moving average is $25.79. PIMCO Multi Sector Bond Active ETF has a twelve month low of $23.76 and a twelve month high of $26.68.

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.