PIMCO Multi Sector Bond Active ETF $PYLD is Riverchase Wealth Management LLC’s 6th Largest Position

Riverchase Wealth Management LLC boosted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,419 shares of the company’s stock after acquiring an additional 85,673 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for approximately 7.5% of Riverchase Wealth Management LLC’s holdings, making the stock its 6th biggest holding. Riverchase Wealth Management LLC owned 0.16% of PIMCO Multi Sector Bond Active ETF worth $13,243,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE lifted 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 worth $305,589,000 after purchasing an additional 2,425,695 shares during the period. Envestnet Asset Management Inc. raised its stake in 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 buying an additional 2,417,746 shares in the last quarter. RiverFront Investment Group LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF in the second quarter worth about $48,320,000. CWM LLC boosted its position in PIMCO Multi Sector Bond Active ETF by 131.1% during the 3rd quarter. CWM LLC now owns 3,088,283 shares of the company’s stock valued at $82,890,000 after acquiring an additional 1,752,168 shares in the last quarter. Finally, Advance Capital Management Inc. boosted its position in PIMCO Multi Sector Bond Active ETF by 78.0% during the 3rd quarter. Advance Capital Management Inc. now owns 3,606,368 shares of the company’s stock valued at $96,795,000 after acquiring an additional 1,579,866 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Trading Up 0.1%

PYLD stock opened at $26.73 on Tuesday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two week high of $27.04. The business’s 50 day moving average price is $26.78 and its two-hundred day moving average price is $26.67.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 5.8%.

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.