Econ Financial Services Corp Sells 182,193 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Econ Financial Services Corp trimmed its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 43.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 235,953 shares of the company’s stock after selling 182,193 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 3.2% of Econ Financial Services Corp’s holdings, making the stock its 6th largest holding. Econ Financial Services Corp owned approximately 0.06% of PIMCO Multi Sector Bond Active ETF worth $6,295,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PYLD. HighTower Advisors LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 95.5% in the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after purchasing an additional 4,160,437 shares in the last quarter. Bank of America Corp DE lifted its position in PIMCO Multi Sector Bond Active ETF by 35.3% in the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after purchasing an additional 4,059,150 shares during the period. Sequoia Financial Advisors LLC boosted its stake in PIMCO Multi Sector Bond Active ETF by 68.4% during the third quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock worth $204,731,000 after buying an additional 3,099,332 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in PIMCO Multi Sector Bond Active ETF by 340.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,200,786 shares of the company’s stock worth $85,685,000 after buying an additional 2,474,706 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in PIMCO Multi Sector Bond Active ETF by 48.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock valued at $195,569,000 after buying an additional 2,368,593 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PYLD stock opened at $26.20 on Wednesday. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $27.04. The firm has a fifty day moving average of $26.63 and a 200-day moving average of $26.74.

PIMCO Multi Sector Bond Active ETF Announces Dividend

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

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.