SlateStone Wealth LLC Has $4.51 Million Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

SlateStone Wealth LLC boosted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 145.4% in the third quarter, Holdings Channel reports. The institutional investor owned 167,972 shares of the company’s stock after acquiring an additional 99,535 shares during the quarter. SlateStone Wealth LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $4,508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverchase Wealth Management LLC lifted its stake in PIMCO Multi Sector Bond Active ETF by 21.0% in the third quarter. Riverchase Wealth Management LLC now owns 493,419 shares of the company’s stock valued at $13,243,000 after acquiring an additional 85,673 shares during the last quarter. Castle Wealth Management LLC raised its stake in 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 valued at $15,214,000 after acquiring an additional 26,047 shares during the period. Great Point Wealth Advisors LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at $16,806,000. Beacon Financial Advisory LLC increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 24.4% in the third 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 shares of 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

Shares of PYLD stock traded down $0.02 during midday trading on Friday, hitting $26.75. 70,973 shares of the company were exchanged, compared to its average volume of 4,552,930. The firm’s 50 day moving average price is $26.78 and its two-hundred day moving average price is $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 company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were given a dividend of $0.12 per share. The ex-dividend date 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.