PIMCO Multi Sector Bond Active ETF $PYLD Shares Acquired by Dahring Cusmano LLC

Dahring Cusmano LLC grew its holdings in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 5.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 645,675 shares of the company’s stock after acquiring an additional 32,738 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises about 12.5% of Dahring Cusmano LLC’s investment portfolio, making the stock its biggest position. Dahring Cusmano LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $17,330,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 95.5% in the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after acquiring an additional 4,160,437 shares during the period. Sequoia Financial Advisors LLC grew its position in PIMCO Multi Sector Bond Active ETF by 68.4% in the third quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock valued at $204,731,000 after acquiring an additional 3,099,332 shares during the period. Bank of America Corp DE increased its position in shares of PIMCO Multi Sector Bond Active ETF by 26.7% during the 2nd quarter. Bank of America Corp DE now owns 11,514,297 shares of the company’s stock worth $305,589,000 after purchasing an additional 2,425,695 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of PIMCO Multi Sector Bond Active ETF by 96.7% in the second 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 last quarter. Finally, Horizon Wealth Management LLC acquired a new position in PIMCO Multi Sector Bond Active ETF in the third quarter worth $56,815,000.

PIMCO Multi Sector Bond Active ETF Price Performance

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

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The firm 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. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date was Monday, February 2nd.

PIMCO Multi Sector Bond Active ETF Company 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.