PIMCO Multi Sector Bond Active ETF $PYLD is Beacon Financial Advisory LLC’s 3rd Largest Position

Beacon Financial Advisory LLC raised its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 24.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 443,056 shares of the company’s stock after acquiring an additional 86,920 shares during the period. PIMCO Multi Sector Bond Active ETF makes up 2.8% of Beacon Financial Advisory LLC’s portfolio, making the stock its 3rd biggest position. Beacon Financial Advisory LLC owned approximately 0.14% of PIMCO Multi Sector Bond Active ETF worth $11,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of PYLD. Sequoia Financial Advisors LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 68.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock valued at $204,731,000 after purchasing an additional 3,099,332 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of PIMCO Multi Sector Bond Active ETF by 26.7% in the second quarter. Bank of America Corp DE now owns 11,514,297 shares of the company’s stock worth $305,589,000 after buying an additional 2,425,695 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of PIMCO Multi Sector Bond Active ETF by 96.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock valued at $130,520,000 after buying an additional 2,417,746 shares during the last quarter. RiverFront Investment Group LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF during the second quarter valued at approximately $48,320,000. Finally, CWM LLC raised its holdings in PIMCO Multi Sector Bond Active ETF by 131.1% in the 3rd quarter. CWM LLC now owns 3,088,283 shares of the company’s stock worth $82,890,000 after acquiring an additional 1,752,168 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

PYLD stock opened at $26.82 on Friday. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.42 and a 12-month high of $27.04. The stock’s 50 day simple moving average is $26.77 and its 200 day simple moving average is $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 $0.13 dividend. The ex-dividend date was Wednesday, December 31st. This is a positive change from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 5.8%.

About PIMCO Multi Sector Bond Active ETF

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.