Pinnacle Financial Group LLC IL Boosts Position in PIMCO Multi Sector Bond Active ETF $PYLD

Pinnacle Financial Group LLC IL increased its position in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 44.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 131,153 shares of the company’s stock after purchasing an additional 40,217 shares during the period. PIMCO Multi Sector Bond Active ETF accounts for about 1.1% of Pinnacle Financial Group LLC IL’s holdings, making the stock its 26th biggest holding. Pinnacle Financial Group LLC IL’s holdings in PIMCO Multi Sector Bond Active ETF were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 95.5% in the 3rd quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after buying an additional 4,160,437 shares during the period. Sequoia Financial Advisors LLC lifted its holdings 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 last quarter. Bank of America Corp DE lifted its holdings in PIMCO Multi Sector Bond Active ETF by 26.7% in 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 acquiring an additional 2,425,695 shares during the last quarter. Envestnet Asset Management Inc. grew its position in PIMCO Multi Sector Bond Active ETF by 48.2% in the third quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after acquiring an additional 2,368,593 shares during the period. Finally, Horizon Wealth Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF in the third quarter worth approximately $56,815,000.

PIMCO Multi Sector Bond Active ETF Stock Performance

NYSEARCA:PYLD opened at $26.93 on Friday. PIMCO Multi Sector Bond Active ETF has a 52 week low of $25.42 and a 52 week high of $27.04. The stock’s fifty day moving average is $26.82 and its two-hundred day moving average is $26.78.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The business 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 5.3%. The ex-dividend date was Monday, February 2nd.

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.