Confluence Wealth Services Inc. Acquires Shares of 2,358,317 PIMCO Multi Sector Bond Active ETF $PYLD

Confluence Wealth Services Inc. purchased a new position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,358,317 shares of the company’s stock, valued at approximately $62,920,000. PIMCO Multi Sector Bond Active ETF accounts for approximately 2.6% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 11th largest holding. Confluence Wealth Services Inc. owned about 0.56% of PIMCO Multi Sector Bond Active ETF at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PYLD. Ashton Thomas Private Wealth LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at approximately $2,408,000. Members Advisory Group LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at approximately $1,334,000. Riverchase Wealth Management LLC lifted its position in PIMCO Multi Sector Bond Active ETF by 21.0% during the third quarter. Riverchase Wealth Management LLC now owns 493,419 shares of the company’s stock valued at $13,243,000 after acquiring an additional 85,673 shares during the last quarter. Castle Wealth Management LLC lifted its position in PIMCO Multi Sector Bond Active ETF by 4.8% during the third quarter. Castle Wealth Management LLC now owns 566,849 shares of the company’s stock valued at $15,214,000 after acquiring an additional 26,047 shares during the last quarter. Finally, Great Point Wealth Advisors LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at approximately $16,806,000.

PIMCO Multi Sector Bond Active ETF Price Performance

NYSEARCA:PYLD opened at $26.58 on Thursday. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.87 and a 52 week high of $27.04. The firm has a 50 day moving average of $26.51 and a 200 day moving average of $26.69.

PIMCO Multi Sector Bond Active ETF Announces Dividend

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

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.