PIMCO Multi Sector Bond Active ETF $PYLD Shares Sold by Beta Wealth Group Inc.

Beta Wealth Group Inc. decreased its holdings in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 40.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 594,188 shares of the company’s stock after selling 404,206 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for approximately 6.3% of Beta Wealth Group Inc.’s holdings, making the stock its 2nd biggest position. Beta Wealth Group Inc. owned approximately 0.18% of PIMCO Multi Sector Bond Active ETF worth $15,948,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF in the third quarter worth about $2,408,000. Riverchase Wealth Management LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 21.0% in the 3rd 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 in the last quarter. Castle Wealth Management LLC raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 4.8% in the 3rd 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 in the last quarter. Great Point Wealth Advisors LLC acquired a new stake in PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth approximately $16,806,000. Finally, Beacon Financial Advisory LLC boosted its position in PIMCO Multi Sector Bond Active ETF by 24.4% during the third quarter. Beacon Financial Advisory LLC now owns 443,056 shares of the company’s stock worth $11,892,000 after purchasing an additional 86,920 shares during the period.

PIMCO Multi Sector Bond Active ETF Trading Up 0.1%

Shares of PYLD stock opened at $26.91 on Tuesday. PIMCO Multi Sector Bond Active ETF has a 12 month low of $25.42 and a 12 month high of $27.04. The business’s 50 day moving average is $26.79 and its two-hundred day moving average is $26.76.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

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

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.