Sequoia Financial Advisors LLC Increases Position in PIMCO Multi Sector Bond Active ETF $PYLD

Sequoia Financial Advisors LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 68.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,627,847 shares of the company’s stock after buying an additional 3,099,332 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 1.2% of Sequoia Financial Advisors LLC’s holdings, making the stock its 15th largest position. Sequoia Financial Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $204,731,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in PYLD. Bank of America Corp DE raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 26.7% during the second quarter. Bank of America Corp DE now owns 11,514,297 shares of the company’s stock worth $305,589,000 after purchasing an additional 2,425,695 shares during the last quarter. Retirement Planning Group LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 11.0% during the 3rd quarter. Retirement Planning Group LLC now owns 5,301,950 shares of the company’s stock worth $142,304,000 after buying an additional 524,508 shares in the last quarter. Envestnet Asset Management Inc. raised its position in PIMCO Multi Sector Bond Active ETF by 96.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock worth $130,520,000 after acquiring an additional 2,417,746 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 43.1% during the 2nd quarter. AE Wealth Management LLC now owns 4,531,478 shares of the company’s stock worth $120,265,000 after purchasing an additional 1,364,400 shares in the last quarter. Finally, TruWealth Advisors LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 49.6% during the 3rd quarter. TruWealth Advisors LLC now owns 3,855,961 shares of the company’s stock worth $103,494,000 after purchasing an additional 1,277,890 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PIMCO Multi Sector Bond Active ETF stock opened at $26.82 on Friday. The company has a 50-day moving average of $26.77 and a two-hundred day moving average of $26.69. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.42 and a 12-month high of $27.04.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. This is a boost from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, December 31st. 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.