PIMCO Multi Sector Bond Active ETF $PYLD Stake Increased by Riverchase Wealth Management LLC

Riverchase Wealth Management LLC grew its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 21.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 493,419 shares of the company’s stock after buying an additional 85,673 shares during the period. PIMCO Multi Sector Bond Active ETF makes up about 7.5% of Riverchase Wealth Management LLC’s investment portfolio, making the stock its 6th largest holding. Riverchase Wealth Management LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $13,243,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PYLD. Mark Sheptoff Financial Planning LLC increased its position in shares of PIMCO Multi Sector Bond Active ETF by 82.2% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock valued at $28,000 after acquiring an additional 481 shares in the last quarter. Mather Group LLC. purchased a new stake in PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at $32,000. MTM Investment Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 2nd quarter worth $60,000. Cranbrook Wealth Management LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth $130,000. Finally, Redwood Park Advisors LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 38.7% during the second quarter. Redwood Park Advisors LLC now owns 5,500 shares of the company’s stock valued at $146,000 after purchasing an additional 1,536 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Trading Up 0.1%

NYSEARCA PYLD opened at $26.73 on Tuesday. PIMCO Multi Sector Bond Active ETF has a one year low of $25.42 and a one year high of $27.04. The stock has a 50-day moving average of $26.78 and a 200 day moving average of $26.67.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is an increase from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 5.8%.

PIMCO Multi Sector Bond Active ETF Company 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. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.