Apollon Wealth Management LLC Raises Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Apollon Wealth Management LLC boosted its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,765,598 shares of the company’s stock after purchasing an additional 61,145 shares during the period. PIMCO Multi Sector Bond Active ETF comprises approximately 0.8% of Apollon Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest holding. Apollon Wealth Management LLC owned approximately 0.42% of PIMCO Multi Sector Bond Active ETF worth $47,106,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter valued at about $32,000. JFS Wealth Advisors LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter worth about $51,000. Texas Capital Bancshares Inc TX acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at about $67,000. Bangor Savings Bank acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 4th quarter valued at about $70,000. Finally, Sound Income Strategies LLC purchased a new position in shares of PIMCO Multi Sector Bond Active ETF in the 4th quarter valued at about $71,000.

PIMCO Multi Sector Bond Active ETF Stock Down 0.0%

NYSEARCA PYLD opened at $26.44 on Friday. The stock has a 50-day moving average of $26.54 and a 200 day moving average of $26.71. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.42 and a twelve month high of $27.04.

PIMCO Multi Sector Bond Active ETF Announces Dividend

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

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.