Founders Financial Securities LLC Boosts Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Founders Financial Securities LLC raised its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 251.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 506,140 shares of the company’s stock after purchasing an additional 362,245 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for approximately 0.9% of Founders Financial Securities LLC’s portfolio, making the stock its 23rd largest position. Founders Financial Securities LLC owned about 0.16% of PIMCO Multi Sector Bond Active ETF worth $13,585,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PYLD. DAVENPORT & Co LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 21.0% in the 3rd quarter. DAVENPORT & Co LLC now owns 430,211 shares of the company’s stock valued at $11,547,000 after buying an additional 74,561 shares during the period. Wealth Alliance Advisory Group LLC grew its position in PIMCO Multi Sector Bond Active ETF by 1.3% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 1,043,844 shares of the company’s stock valued at $28,017,000 after acquiring an additional 13,363 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter worth about $130,000. Security Financial Services INC. increased its stake in PIMCO Multi Sector Bond Active ETF by 22.7% during the third quarter. Security Financial Services INC. now owns 431,518 shares of the company’s stock worth $11,582,000 after purchasing an additional 79,946 shares during the period. Finally, Berger Financial Group Inc lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 1.5% during the third quarter. Berger Financial Group Inc now owns 1,027,185 shares of the company’s stock worth $27,570,000 after purchasing an additional 15,034 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD stock opened at $26.76 on Wednesday. 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 company has a 50 day moving average price of $26.80 and a 200 day moving average price of $26.63.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 12th. Shareholders of record on Wednesday, December 10th were paid a $0.1069 dividend. The ex-dividend date was Wednesday, December 10th. This represents a c) annualized dividend and a dividend yield of 4.8%.

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.