Great Point Wealth Advisors LLC Takes Position in PIMCO Multi Sector Bond Active ETF $PYLD

Great Point Wealth Advisors LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 626,139 shares of the company’s stock, valued at approximately $16,806,000. PIMCO Multi Sector Bond Active ETF makes up 3.2% of Great Point Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mark Sheptoff Financial Planning LLC increased its position in PIMCO Multi Sector Bond Active ETF by 82.2% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock valued at $28,000 after acquiring an additional 481 shares during the period. Mather Group LLC. bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the third quarter worth $32,000. MTM Investment Management LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF in the second quarter valued at $60,000. Cranbrook Wealth Management LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter valued at $130,000. Finally, Redwood Park Advisors LLC raised its position in PIMCO Multi Sector Bond Active ETF by 38.7% during the 2nd quarter. Redwood Park Advisors LLC now owns 5,500 shares of the company’s stock worth $146,000 after purchasing an additional 1,536 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD opened at $26.82 on Friday. The stock’s 50-day moving average price is $26.77 and its two-hundred day moving average price is $26.69. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.42 and a 12 month high of $27.04.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a $0.13 dividend. The ex-dividend date was Wednesday, December 31st. This is a boost 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 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.