Cardinal Point Capital Management ULC Grows Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Cardinal Point Capital Management ULC increased its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 9.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 997,175 shares of the company’s stock after purchasing an additional 82,348 shares during the quarter. PIMCO Multi Sector Bond Active ETF accounts for 1.9% of Cardinal Point Capital Management ULC’s holdings, making the stock its 12th largest holding. Cardinal Point Capital Management ULC owned about 0.30% of PIMCO Multi Sector Bond Active ETF worth $26,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of PIMCO Multi Sector Bond Active ETF by 26.7% in the 2nd 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 during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 68.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 7,627,847 shares of the company’s stock worth $204,731,000 after acquiring an additional 3,099,332 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of PIMCO Multi Sector Bond Active ETF by 48.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock valued at $195,569,000 after acquiring an additional 2,368,593 shares during the last quarter. Retirement Planning Group LLC boosted its holdings in PIMCO Multi Sector Bond Active ETF by 11.0% in the third 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 in the last quarter. Finally, AE Wealth Management LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 5.1% in the third quarter. AE Wealth Management LLC now owns 4,762,716 shares of the company’s stock valued at $127,831,000 after purchasing an additional 231,238 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

PYLD 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 two-hundred day moving average is $26.74.

PIMCO Multi Sector Bond Active ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, February 4th. Investors of record on Monday, February 2nd were paid a dividend of $0.12 per share. 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.