PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Sees Large Volume Increase – Here’s What Happened

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) saw unusually-strong trading volume on Tuesday . Approximately 2,880,134 shares traded hands during trading, an increase of 207% from the previous session’s volume of 938,298 shares.The stock last traded at $26.29 and had previously closed at $26.26.

PIMCO Multi Sector Bond Active ETF Stock Performance

The firm’s 50 day moving average is $26.17 and its 200 day moving average is $26.21.

Institutional Investors Weigh In On PIMCO Multi Sector Bond Active ETF

Several hedge funds have 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 approximately $53,000. Global Trust Asset Management LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at $63,000. Eastern Bank bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter worth $65,000. US Bancorp DE purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the fourth quarter worth $67,000. Finally, PNC Financial Services Group Inc. bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the fourth quarter valued at $76,000.

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.