Sovereign Financial Group Inc. Buys 39,192 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Sovereign Financial Group Inc. boosted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 53.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,131 shares of the company’s stock after buying an additional 39,192 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up approximately 0.5% of Sovereign Financial Group Inc.’s portfolio, making the stock its 29th biggest position. Sovereign Financial Group Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $3,018,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Mather Group LLC. bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the third quarter worth about $32,000. Texas Capital Bancshares Inc TX acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the third quarter worth approximately $67,000. Founders Financial Alliance LLC bought a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter valued at approximately $88,000. Colonial Trust Co SC bought a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter valued at approximately $102,000. Finally, Sunbelt Securities Inc. increased its position in PIMCO Multi Sector Bond Active ETF by 3,475.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 4,112 shares of the company’s stock valued at $110,000 after purchasing an additional 3,997 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

PIMCO Multi Sector Bond Active ETF stock opened at $26.12 on Friday. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $27.04. The firm has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $26.77.

PIMCO Multi Sector Bond Active ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were given a dividend of $0.12 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.5%.

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.