Truist Financial Corp Buys 21,001 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Truist Financial Corp increased its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 216,574 shares of the company’s stock after buying an additional 21,001 shares during the quarter. Truist Financial Corp owned approximately 0.07% of PIMCO Multi Sector Bond Active ETF worth $5,813,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PYLD. Goldman Sachs Group Inc. bought a new stake in PIMCO Multi Sector Bond Active ETF during the first quarter worth $297,000. Jane Street Group LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF during the 1st quarter worth about $3,541,000. Wealthcare Advisory Partners LLC increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 185.5% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 98,301 shares of the company’s stock worth $2,609,000 after purchasing an additional 63,874 shares during the last quarter. DAVENPORT & Co LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 67.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 355,650 shares of the company’s stock valued at $9,439,000 after purchasing an additional 143,198 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in PIMCO Multi Sector Bond Active ETF by 25.9% in the 2nd quarter. Tectonic Advisors LLC now owns 22,183 shares of the company’s stock valued at $589,000 after purchasing an additional 4,557 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Trading Up 0.1%

PIMCO Multi Sector Bond Active ETF stock opened at $26.75 on Wednesday. The stock has a 50-day simple moving average of $26.79 and a 200 day simple moving average of $26.73. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.42 and a 52 week high of $27.04.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 4th. Investors of record on Monday, February 2nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

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