BIP Wealth LLC Invests $12.57 Million in PIMCO Multi Sector Bond Active ETF $PYLD

BIP Wealth LLC bought a new position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 471,224 shares of the company’s stock, valued at approximately $12,572,000. BIP Wealth LLC owned about 0.11% of PIMCO Multi Sector Bond Active ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC increased its position in PIMCO Multi Sector Bond Active ETF by 95.5% during the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock worth $228,577,000 after acquiring an additional 4,160,437 shares during the period. Bank of America Corp DE increased its position in PIMCO Multi Sector Bond Active ETF by 35.3% during the third quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after acquiring an additional 4,059,150 shares during the period. Sequoia Financial Advisors LLC increased its position 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 acquiring an additional 3,099,332 shares during the period. Wealth Enhancement Advisory Services LLC increased its position 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 acquiring an additional 2,474,706 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in PIMCO Multi Sector Bond Active ETF by 48.2% during the third 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 during the period.

PIMCO Multi Sector Bond Active ETF Stock Up 0.1%

NYSEARCA:PYLD opened at $26.26 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’s 50-day simple moving average is $26.57 and its 200 day simple moving average is $26.72.

PIMCO Multi Sector Bond Active ETF Announces Dividend

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

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.