PIMCO Multi Sector Bond Active ETF $PYLD Shares Acquired by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC boosted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 9.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 997,175 shares of the company’s stock after purchasing an additional 82,348 shares during the period. PIMCO Multi Sector Bond Active ETF makes up 1.9% of Cardinal Point Capital Management ULC’s portfolio, making the stock its 12th largest position. Cardinal Point Capital Management ULC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $26,645,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PYLD. Ashton Thomas Private Wealth LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter worth approximately $2,408,000. Riverchase Wealth Management LLC boosted its holdings in PIMCO Multi Sector Bond Active ETF by 21.0% during the third quarter. Riverchase Wealth Management LLC now owns 493,419 shares of the company’s stock worth $13,243,000 after buying an additional 85,673 shares in the last quarter. Castle Wealth Management LLC lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 4.8% during the 3rd quarter. Castle Wealth Management LLC now owns 566,849 shares of the company’s stock valued at $15,214,000 after acquiring an additional 26,047 shares during the period. Great Point Wealth Advisors LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the third quarter worth $16,806,000. Finally, Beacon Financial Advisory LLC raised its holdings in PIMCO Multi Sector Bond Active ETF by 24.4% during the third quarter. Beacon Financial Advisory LLC now owns 443,056 shares of the company’s stock worth $11,892,000 after purchasing an additional 86,920 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD stock opened at $26.77 on Monday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two week high of $27.04. The business has a fifty day simple moving average of $26.77 and a 200-day simple moving average of $26.74.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were issued a $0.12 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.