D.B. Root & Company LLC Boosts Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

D.B. Root & Company LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 712.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,022,407 shares of the company’s stock after acquiring an additional 896,547 shares during the period. PIMCO Multi Sector Bond Active ETF comprises about 7.0% of D.B. Root & Company LLC’s holdings, making the stock its 3rd largest holding. D.B. Root & Company LLC owned about 0.31% of PIMCO Multi Sector Bond Active ETF worth $27,441,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC increased its holdings 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 worth $204,731,000 after purchasing an additional 3,099,332 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 valued at $305,589,000 after purchasing an additional 2,425,695 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in PIMCO Multi Sector Bond Active ETF by 96.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,917,874 shares of the company’s stock valued at $130,520,000 after acquiring an additional 2,417,746 shares during the period. RiverFront Investment Group LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 2nd quarter valued at about $48,320,000. Finally, CWM LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 131.1% in the third quarter. CWM LLC now owns 3,088,283 shares of the company’s stock worth $82,890,000 after acquiring an additional 1,752,168 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PIMCO Multi Sector Bond Active ETF stock opened at $26.77 on Monday. PIMCO Multi Sector Bond Active ETF has a twelve month low of $25.42 and a twelve month high of $27.04. The company’s 50 day moving average is $26.77 and its 200 day moving average is $26.74.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend 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.