Envestnet Asset Management Inc. Boosts Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Envestnet Asset Management Inc. boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 48.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,286,467 shares of the company’s stock after acquiring an additional 2,368,593 shares during the period. Envestnet Asset Management Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $195,569,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Riverchase Wealth Management LLC boosted its stake 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 during the period. Castle Wealth Management LLC lifted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 4.8% in the 3rd quarter. Castle Wealth Management LLC now owns 566,849 shares of the company’s stock worth $15,214,000 after acquiring an additional 26,047 shares during the last quarter. Great Point Wealth Advisors LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter worth approximately $16,806,000. Beacon Financial Advisory LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 24.4% in the 3rd quarter. Beacon Financial Advisory LLC now owns 443,056 shares of the company’s stock valued at $11,892,000 after purchasing an additional 86,920 shares during the last quarter. Finally, GeoWealth Management LLC raised its position in PIMCO Multi Sector Bond Active ETF by 39.5% in the second quarter. GeoWealth Management LLC now owns 1,444,498 shares of the company’s stock valued at $38,337,000 after purchasing an additional 409,080 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

NYSEARCA:PYLD opened at $26.76 on Friday. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.42 and a 52 week high of $27.04. The stock’s fifty day moving average is $26.78 and its two-hundred day moving average is $26.73.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

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

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.