PIMCO Multi Sector Bond Active ETF $PYLD Shares Bought by Brookstone Capital Management

Brookstone Capital Management increased its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 24.1% during the third quarter, HoldingsChannel.com reports. The fund owned 459,074 shares of the company’s stock after buying an additional 89,090 shares during the period. Brookstone Capital Management’s holdings in PIMCO Multi Sector Bond Active ETF were worth $12,322,000 at the end of the most recent reporting period.

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

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA:PYLD opened at $26.84 on Friday. The firm has a 50 day simple moving average of $26.80 and a 200 day simple moving average of $26.64. 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 firm also recently announced a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Wednesday, December 10th were given a $0.1069 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

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.