Financial Connections Group Inc. Raises Stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Financial Connections Group Inc. raised its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 45.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,943 shares of the company’s stock after acquiring an additional 8,160 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up about 0.7% of Financial Connections Group Inc.’s holdings, making the stock its 16th biggest holding. Financial Connections Group Inc. owned about 0.09% of PIMCO Multi Sector Bond Active ETF worth $669,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC lifted its stake in PIMCO Multi Sector Bond Active ETF by 1,063.1% in the fourth quarter. Krilogy Financial LLC now owns 893,042 shares of the company’s stock worth $22,920,000 after acquiring an additional 816,262 shares during the last quarter. Beta Wealth Group Inc. acquired a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $12,482,000. RMR Wealth Builders acquired a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $437,000. Pasadena Private Wealth LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $348,000. Finally, RFG Advisory LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the fourth quarter worth approximately $349,000.

PIMCO Multi Sector Bond Active ETF Stock Up 0.3 %

PYLD stock traded up $0.08 during midday trading on Thursday, reaching $25.84. 1,196,684 shares of the company were exchanged, compared to its average volume of 354,259. PIMCO Multi Sector Bond Active ETF has a 1-year low of $23.76 and a 1-year high of $25.88. The stock’s 50-day simple moving average is $25.61 and its 200 day simple moving average is $25.55.

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.