Bare Financial Services Inc Has $14.48 Million Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Bare Financial Services Inc lifted its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 539,364 shares of the company’s stock after purchasing an additional 60,979 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises 4.3% of Bare Financial Services Inc’s portfolio, making the stock its 8th largest position. Bare Financial Services Inc owned approximately 0.16% of PIMCO Multi Sector Bond Active ETF worth $14,477,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PYLD. Mark Sheptoff Financial Planning LLC increased its position in PIMCO Multi Sector Bond Active ETF by 82.2% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock worth $28,000 after buying an additional 481 shares during the period. Mather Group LLC. bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the third quarter worth about $32,000. MTM Investment Management LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF during the second quarter worth about $60,000. Founders Financial Alliance LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth about $88,000. Finally, Colonial Trust Co SC bought a new stake in PIMCO Multi Sector Bond Active ETF in the 3rd quarter valued at about $102,000.

PIMCO Multi Sector Bond Active ETF Price Performance

PIMCO Multi Sector Bond Active ETF stock opened at $26.91 on Thursday. The firm has a 50-day moving average price of $26.81 and a two-hundred day moving average price of $26.78. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $27.04.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.