Gemmer Asset Management LLC Grows Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Gemmer Asset Management LLC raised its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 833,283 shares of the company’s stock after buying an additional 38,469 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises about 1.8% of Gemmer Asset Management LLC’s holdings, making the stock its 15th largest position. Gemmer Asset Management LLC owned about 0.27% of PIMCO Multi Sector Bond Active ETF worth $22,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE raised its stake in PIMCO Multi Sector Bond Active ETF by 26.7% in the 2nd quarter. Bank of America Corp DE now owns 11,514,297 shares of the company’s stock valued at $305,589,000 after acquiring an additional 2,425,695 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 96.7% in the second quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock worth $130,520,000 after purchasing an additional 2,417,746 shares in the last quarter. Retirement Planning Group LLC raised its position in shares of PIMCO Multi Sector Bond Active ETF by 6.4% in the second quarter. Retirement Planning Group LLC now owns 4,777,442 shares of the company’s stock valued at $126,793,000 after purchasing an additional 288,106 shares during the period. AE Wealth Management LLC raised its position in shares of PIMCO Multi Sector Bond Active ETF by 43.1% in the second quarter. AE Wealth Management LLC now owns 4,531,478 shares of the company’s stock valued at $120,265,000 after purchasing an additional 1,364,400 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 27.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,528,515 shares of the company’s stock valued at $120,187,000 after buying an additional 971,867 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Up 0.3%

PYLD opened at $26.84 on Thursday. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.42 and a 12 month high of $27.04. The company has a 50 day moving average of $26.80 and a 200 day moving average of $26.63.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 10th were given a $0.1069 dividend. The ex-dividend date was Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 4.8%.

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.