Wealth Enhancement Advisory Services LLC Purchases 353,455 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Wealth Enhancement Advisory Services LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 94.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 726,080 shares of the company’s stock after purchasing an additional 353,455 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $19,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PYLD. Bank of America Corp DE raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 26.7% during the second quarter. Bank of America Corp DE now owns 11,514,297 shares of the company’s stock worth $305,589,000 after acquiring an additional 2,425,695 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of PIMCO Multi Sector Bond Active ETF by 68.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock valued at $204,731,000 after purchasing an additional 3,099,332 shares in the last quarter. Retirement Planning Group LLC grew its holdings in shares of PIMCO Multi Sector Bond Active ETF by 11.0% during the 3rd quarter. Retirement Planning Group LLC now owns 5,301,950 shares of the company’s stock valued at $142,304,000 after purchasing an additional 524,508 shares during the last quarter. Envestnet Asset Management Inc. raised its position in PIMCO Multi Sector Bond Active ETF by 96.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock worth $130,520,000 after purchasing an additional 2,417,746 shares during the period. Finally, AE Wealth Management LLC raised its position in PIMCO Multi Sector Bond Active ETF by 43.1% in the 2nd quarter. AE Wealth Management LLC now owns 4,531,478 shares of the company’s stock worth $120,265,000 after purchasing an additional 1,364,400 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

NYSEARCA PYLD opened at $26.79 on Thursday. The company has a 50-day simple moving average of $26.77 and a two-hundred day simple 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 business also recently announced a monthly dividend, which was paid on Monday, January 5th. Investors of record on Wednesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date was Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.8%. This is a boost from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11.

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.