PIMCO Multi Sector Bond Active ETF $PYLD Shares Purchased by Castle Wealth Management LLC

Castle Wealth Management LLC boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 4.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 566,849 shares of the company’s stock after buying an additional 26,047 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up approximately 5.1% of Castle Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Castle Wealth Management LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $15,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PYLD. Mark Sheptoff Financial Planning LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 82.2% during the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock worth $28,000 after acquiring an additional 481 shares during the last quarter. Mather Group LLC. purchased a new stake in PIMCO Multi Sector Bond Active ETF during the 3rd quarter worth approximately $32,000. MTM Investment Management LLC acquired a new position in PIMCO Multi Sector Bond Active ETF during the 2nd quarter valued at approximately $60,000. Cranbrook Wealth Management LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the third quarter worth $130,000. Finally, Redwood Park Advisors LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 38.7% in the second quarter. Redwood Park Advisors LLC now owns 5,500 shares of the company’s stock worth $146,000 after buying an additional 1,536 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD opened at $26.85 on Friday. The company’s fifty day moving average price is $26.78 and its 200-day moving average price is $26.71. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.42 and a 1-year high of $27.04.

PIMCO Multi Sector Bond Active ETF Increases Dividend

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

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.