Concurrent Investment Advisors LLC Grows Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Concurrent Investment Advisors LLC boosted its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 362.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,462 shares of the company’s stock after acquiring an additional 51,317 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $1,757,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Mark Sheptoff Financial Planning LLC grew its holdings in shares of PIMCO Multi Sector Bond Active ETF by 82.2% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock worth $28,000 after purchasing an additional 481 shares during the period. Mather Group LLC. bought a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter valued at $32,000. MTM Investment Management LLC acquired a new position in shares of PIMCO Multi Sector Bond Active ETF during the second quarter worth approximately $60,000. Cranbrook Wealth Management LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at about $130,000. Finally, Redwood Park Advisors LLC boosted its stake in PIMCO Multi Sector Bond Active ETF by 38.7% during the second quarter. Redwood Park Advisors LLC now owns 5,500 shares of the company’s stock valued at $146,000 after buying an additional 1,536 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD opened at $26.82 on Friday. PIMCO Multi Sector Bond Active ETF has a one year low of $25.42 and a one year high of $27.04. The company has a 50-day moving average of $26.77 and a two-hundred day moving average of $26.69.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, January 5th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. This is an increase from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11.

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.