807,332 Shares in PIMCO Multi Sector Bond Active ETF $PYLD Bought by Beacon Capital Management Inc.

Beacon Capital Management Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the 3rd quarter, Holdings Channel reports. The firm acquired 807,332 shares of the company’s stock, valued at approximately $21,669,000. PIMCO Multi Sector Bond Active ETF accounts for about 1.0% of Beacon Capital Management Inc.’s holdings, making the stock its 25th biggest position.

A number of other large investors have also recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of PIMCO Multi Sector Bond Active ETF by 26.7% during 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 buying an additional 2,425,695 shares in the last quarter. Envestnet Asset Management Inc. increased 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 worth $130,520,000 after acquiring an additional 2,417,746 shares during the last quarter. Retirement Planning Group LLC raised its position in PIMCO Multi Sector Bond Active ETF by 6.4% during 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 lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 43.1% in the 2nd 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 last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 27.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,528,515 shares of the company’s stock valued at $120,187,000 after purchasing an additional 971,867 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

NYSEARCA PYLD opened at $26.83 on Friday. The business’s 50 day moving average price is $26.80 and its 200-day moving average price is $26.64. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two 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 Friday, December 12th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.1069 per share. The ex-dividend date was Wednesday, December 10th. This represents a c) dividend on an annualized basis and a yield of 4.8%.

PIMCO Multi Sector Bond Active ETF 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.