Horizon Wealth Management LLC Buys Shares of 2,116,818 PIMCO Multi Sector Bond Active ETF $PYLD

Horizon Wealth Management LLC purchased a new position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,116,818 shares of the company’s stock, valued at approximately $56,815,000. PIMCO Multi Sector Bond Active ETF accounts for about 8.3% of Horizon Wealth Management LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mark Sheptoff Financial Planning LLC increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 82.2% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock worth $28,000 after purchasing an additional 481 shares in the last quarter. Mather Group LLC. purchased a new position in PIMCO Multi Sector Bond Active ETF during the third quarter valued at $32,000. MTM Investment Management LLC bought a new stake in PIMCO Multi Sector Bond Active ETF during the second quarter valued at about $60,000. Cranbrook Wealth Management LLC bought a new stake in PIMCO Multi Sector Bond Active ETF during the third quarter valued at about $130,000. Finally, Redwood Park Advisors LLC increased its position in PIMCO Multi Sector Bond Active ETF by 38.7% in the second quarter. Redwood Park Advisors LLC now owns 5,500 shares of the company’s stock worth $146,000 after buying an additional 1,536 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Up 0.1%

NYSEARCA PYLD opened at $26.91 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 50-day moving average price is $26.78 and its 200-day moving average price is $26.75.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.12 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.4%.

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.