Cardinal Point Capital Management ULC Grows Holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Cardinal Point Capital Management ULC boosted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 3.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 852,885 shares of the company’s stock after purchasing an additional 31,790 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises approximately 3.5% of Cardinal Point Capital Management ULC’s holdings, making the stock its 10th largest holding. Cardinal Point Capital Management ULC owned 2.85% of PIMCO Multi Sector Bond Active ETF worth $22,218,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 63.8% in the second quarter. Bank of New York Mellon Corp now owns 15,737 shares of the company’s stock worth $404,000 after buying an additional 6,130 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 48.5% in the 2nd quarter. Parallel Advisors LLC now owns 90,007 shares of the company’s stock worth $2,308,000 after purchasing an additional 29,409 shares during the period. Envestnet Asset Management Inc. increased its position in shares of PIMCO Multi Sector Bond Active ETF by 267.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,083,634 shares of the company’s stock valued at $27,784,000 after purchasing an additional 788,906 shares during the last quarter. Menard Financial Group LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 7.6% in the second quarter. Menard Financial Group LLC now owns 98,084 shares of the company’s stock valued at $2,515,000 after acquiring an additional 6,910 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in PIMCO Multi Sector Bond Active ETF by 50.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 23,432 shares of the company’s stock worth $601,000 after purchasing an additional 7,808 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA:PYLD opened at $25.77 on Tuesday. The business has a 50 day simple moving average of $26.06 and a two-hundred day simple moving average of $26.15. PIMCO Multi Sector Bond Active ETF has a 1 year low of $25.11 and a 1 year high of $26.70.

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.