DAVENPORT & Co LLC Boosts Position in PIMCO Multi Sector Bond Active ETF $PYLD

DAVENPORT & Co LLC boosted its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 457,438 shares of the company’s stock after purchasing an additional 27,227 shares during the quarter. DAVENPORT & Co LLC owned about 0.12% of PIMCO Multi Sector Bond Active ETF worth $12,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 35.3% during the 3rd quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after buying an additional 4,059,150 shares during the last quarter. HighTower Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 95.5% in the 3rd quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after buying an additional 4,160,437 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 68.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock valued at $204,731,000 after buying an additional 3,099,332 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in PIMCO Multi Sector Bond Active ETF by 48.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after acquiring an additional 2,368,593 shares in the last quarter. Finally, Retirement Planning Group LLC raised its stake in PIMCO Multi Sector Bond Active ETF by 11.0% during the 3rd quarter. Retirement Planning Group LLC now owns 5,301,950 shares of the company’s stock worth $142,304,000 after acquiring an additional 524,508 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD opened at $26.21 on Thursday. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.42 and a 1-year high of $27.04. The firm has a fifty day moving average price of $26.69 and a 200 day moving average price of $26.76.

PIMCO Multi Sector Bond Active ETF Dividend Announcement

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