Waterway Wealth Management LLC Buys Shares of 239,420 PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Waterway Wealth Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the 3rd quarter, HoldingsChannel reports. The firm bought 239,420 shares of the company’s stock, valued at approximately $6,381,000. PIMCO Multi Sector Bond Active ETF accounts for about 2.7% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 10th largest position.

Several other hedge funds have also bought and sold shares of the stock. Mather Group LLC. lifted its position in PIMCO Multi Sector Bond Active ETF by 60.1% during the third quarter. Mather Group LLC. now owns 1,758 shares of the company’s stock valued at $47,000 after purchasing an additional 660 shares during the last quarter. Lloyd Advisory Services LLC. lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 4.0% in the 3rd quarter. Lloyd Advisory Services LLC. now owns 20,805 shares of the company’s stock worth $554,000 after acquiring an additional 793 shares during the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 1st quarter worth approximately $25,000. Mark Sheptoff Financial Planning LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 47.4% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 3,049 shares of the company’s stock worth $78,000 after acquiring an additional 980 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 2nd quarter worth approximately $28,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD opened at $26.27 on Tuesday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $23.76 and a fifty-two week high of $26.70. The firm has a 50 day moving average price of $26.43 and a 200-day moving average price of $25.91.

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.