Ehrlich Financial Group Makes New Investment in PIMCO Multi Sector Bond Active ETF $PYLD

Ehrlich Financial Group acquired a new stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 64,427 shares of the company’s stock, valued at approximately $1,729,000. PIMCO Multi Sector Bond Active ETF accounts for 1.0% of Ehrlich Financial Group’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also recently made changes to their positions in PYLD. Sovereign Financial Group Inc. boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 45.1% in the 3rd quarter. Sovereign Financial Group Inc. now owns 73,939 shares of the company’s stock worth $1,985,000 after buying an additional 22,965 shares during the last quarter. Apollon Financial LLC raised its position in PIMCO Multi Sector Bond Active ETF by 130.7% in the third quarter. Apollon Financial LLC now owns 133,777 shares of the company’s stock worth $3,591,000 after acquiring an additional 75,786 shares during the period. Apollon Wealth Management LLC boosted its stake in PIMCO Multi Sector Bond Active ETF by 1.7% in the third quarter. Apollon Wealth Management LLC now owns 1,704,453 shares of the company’s stock valued at $45,748,000 after acquiring an additional 27,888 shares during the last quarter. Beacon Capital Management Inc. bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at approximately $21,669,000. Finally, Halbert Hargrove Global Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 0.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 303,574 shares of the company’s stock valued at $8,148,000 after acquiring an additional 2,154 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Down 0.0%

NYSEARCA:PYLD opened at $26.83 on Friday. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.42 and a 12 month high of $27.04. The firm’s 50 day moving average is $26.80 and its 200 day moving average is $26.64.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

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

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.