204,397 Shares in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. acquired a new position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the fourth quarter, HoldingsChannel reports. The fund acquired 204,397 shares of the company’s stock, valued at approximately $5,298,000.

A number of other hedge funds also recently added to or reduced their stakes in PYLD. Kestra Investment Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $53,000. Global Trust Asset Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $63,000. Eastern Bank purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $65,000. US Bancorp DE purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $67,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at about $76,000.

PIMCO Multi Sector Bond Active ETF Price Performance

PYLD stock opened at $26.28 on Wednesday. The firm has a 50-day simple moving average of $26.16 and a two-hundred day simple moving average of $26.21. PIMCO Multi Sector Bond Active ETF has a one year low of $25.11 and a one year high of $26.70.

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.