BAM Wealth Management LLC Takes $2.98 Million Position in PIMCO Multi Sector Bond Active ETF $PYLD

BAM Wealth Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 110,892 shares of the company’s stock, valued at approximately $2,976,000. PIMCO Multi Sector Bond Active ETF makes up approximately 2.3% of BAM Wealth Management LLC’s holdings, making the stock its 11th biggest holding.

Several other large investors have also recently bought and sold shares of the business. Trek Financial LLC grew its stake in PIMCO Multi Sector Bond Active ETF by 119.2% during the 3rd quarter. Trek Financial LLC now owns 25,092 shares of the company’s stock valued at $673,000 after acquiring an additional 13,647 shares in the last quarter. Acorn Wealth Advisors LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the third quarter worth approximately $228,000. Edge Financial Advisors LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the third quarter worth approximately $289,000. Symphony Financial Ltd. Co. purchased a new position in PIMCO Multi Sector Bond Active ETF during the third quarter valued at approximately $397,000. Finally, Tranquilli Financial Advisor LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 22.4% in the 3rd quarter. Tranquilli Financial Advisor LLC now owns 94,674 shares of the company’s stock valued at $2,541,000 after buying an additional 17,335 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of NYSEARCA:PYLD opened at $26.85 on Friday. The firm has a fifty day moving average of $26.78 and a two-hundred day moving average of $26.70. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.42 and a 12-month high of $27.04.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This is a positive change from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 5.8%.

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.