Drake & Associates LLC Acquires Shares of 817,074 PIMCO Multi Sector Bond Active ETF $PYLD

Drake & Associates LLC bought a new position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 817,074 shares of the company’s stock, valued at approximately $21,832,000. PIMCO Multi Sector Bond Active ETF accounts for 4.6% of Drake & Associates LLC’s holdings, making the stock its 10th largest holding. Drake & Associates LLC owned approximately 0.25% of PIMCO Multi Sector Bond Active ETF as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter worth approximately $2,408,000. Riverchase Wealth Management LLC grew its stake in PIMCO Multi Sector Bond Active ETF by 21.0% during the 3rd quarter. Riverchase Wealth Management LLC now owns 493,419 shares of the company’s stock worth $13,243,000 after buying an additional 85,673 shares during the last quarter. Castle Wealth Management LLC increased its position in PIMCO Multi Sector Bond Active ETF by 4.8% in the third quarter. Castle Wealth Management LLC now owns 566,849 shares of the company’s stock worth $15,214,000 after buying an additional 26,047 shares during the period. Great Point Wealth Advisors LLC bought a new stake in PIMCO Multi Sector Bond Active ETF in the third quarter valued at $16,806,000. Finally, Beacon Financial Advisory LLC boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF by 24.4% during the third quarter. Beacon Financial Advisory LLC now owns 443,056 shares of the company’s stock valued at $11,892,000 after acquiring an additional 86,920 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

PIMCO Multi Sector Bond Active ETF stock opened at $26.81 on Thursday. PIMCO Multi Sector Bond Active ETF has a one year low of $25.42 and a one year high of $27.04. The company has a 50-day simple moving average of $26.78 and a 200-day simple moving average of $26.75.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a $0.12 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 5.4%.

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.