SOL Capital Management CO Grows Position in PIMCO Multi Sector Bond Active ETF $PYLD

SOL Capital Management CO boosted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 12.3% during the third quarter, HoldingsChannel.com reports. The firm owned 321,499 shares of the company’s stock after acquiring an additional 35,149 shares during the period. SOL Capital Management CO’s holdings in PIMCO Multi Sector Bond Active ETF were worth $8,629,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in PYLD. Bank of America Corp DE raised its position in shares of PIMCO Multi Sector Bond Active ETF by 26.7% in the 2nd quarter. Bank of America Corp DE now owns 11,514,297 shares of the company’s stock worth $305,589,000 after buying an additional 2,425,695 shares during the period. Retirement Planning Group LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 11.0% in the 3rd quarter. Retirement Planning Group LLC now owns 5,301,950 shares of the company’s stock worth $142,304,000 after purchasing an additional 524,508 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 96.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock worth $130,520,000 after purchasing an additional 2,417,746 shares during the period. AE Wealth Management LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 43.1% in the 2nd quarter. AE Wealth Management LLC now owns 4,531,478 shares of the company’s stock valued at $120,265,000 after purchasing an additional 1,364,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of PIMCO Multi Sector Bond Active ETF by 27.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,528,515 shares of the company’s stock worth $120,187,000 after purchasing an additional 971,867 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

NYSEARCA PYLD opened at $26.82 on Friday. PIMCO Multi Sector Bond Active ETF has a one year low of $25.42 and a one year high of $27.04. The company’s 50 day moving average price is $26.77 and its 200 day moving average price is $26.69.

PIMCO Multi Sector Bond Active ETF Increases Dividend

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

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. PYLD was launched on Jun 21, 2023 and is managed by PIMCO.