PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Stock Position Boosted by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC raised its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 852,885 shares of the company’s stock after buying an additional 31,790 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for about 3.5% of Cardinal Point Capital Management ULC’s investment portfolio, making the stock its 10th biggest holding. Cardinal Point Capital Management ULC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $22,218,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC increased its position in shares of PIMCO Multi Sector Bond Active ETF by 409.8% during the second quarter. NewEdge Advisors LLC now owns 1,464,239 shares of the company’s stock worth $37,543,000 after purchasing an additional 1,177,009 shares in the last quarter. WCG Wealth Advisors LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the 2nd quarter valued at about $24,621,000. Family Investment Center Inc. raised its stake in PIMCO Multi Sector Bond Active ETF by 259.1% in the third quarter. Family Investment Center Inc. now owns 1,260,959 shares of the company’s stock valued at $33,605,000 after buying an additional 909,842 shares during the last quarter. Falcon Wealth Planning acquired a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter worth about $24,230,000. Finally, Retirement Planning Group LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 47.2% during the third quarter. Retirement Planning Group LLC now owns 2,748,900 shares of the company’s stock worth $73,258,000 after acquiring an additional 880,999 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

PYLD opened at $25.77 on Tuesday. The firm’s 50-day moving average price is $26.06 and its 200-day moving average price is $26.15. 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 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.