Means Investment CO. Inc. Grows Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Means Investment CO. Inc. raised its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 171.8% in the fourth quarter, HoldingsChannel reports. The firm owned 68,064 shares of the company’s stock after acquiring an additional 43,025 shares during the period. Means Investment CO. Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $1,816,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new position in PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at about $2,408,000. Members Advisory Group LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter worth approximately $1,334,000. Riverchase Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 85,673 shares in the last quarter. Castle Wealth Management LLC boosted its stake in shares of 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 purchasing an additional 26,047 shares in the last quarter. Finally, Great Point Wealth Advisors LLC purchased a new position 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

Shares of NYSEARCA:PYLD opened at $26.54 on Thursday. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.80 and a 52 week high of $27.04. The firm has a 50 day moving average of $26.53 and a 200 day moving average of $26.70.

PIMCO Multi Sector Bond Active ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were issued 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.