PIMCO Multi Sector Bond Active ETF $PYLD Shares Acquired by Destination Wealth Management

Destination Wealth Management boosted its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,816,707 shares of the company’s stock after buying an additional 255,984 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for approximately 2.1% of Destination Wealth Management’s investment portfolio, making the stock its 14th largest position. Destination Wealth Management owned approximately 0.86% of PIMCO Multi Sector Bond Active ETF worth $75,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in PIMCO Multi Sector Bond Active ETF in the 3rd quarter valued at about $32,000. MTM Investment Management LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the 2nd quarter worth approximately $60,000. Texas Capital Bancshares Inc TX bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth approximately $67,000. Founders Financial Alliance LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth approximately $88,000. Finally, Colonial Trust Co SC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at approximately $102,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA:PYLD opened at $26.24 on Monday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.42 and a 1-year high of $27.04. The company has a 50 day moving average price of $26.77 and a 200 day moving average price of $26.78.

PIMCO Multi Sector Bond Active ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Monday, March 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.