Mid American Wealth Advisory Group Inc. Acquires New Stake in PIMCO Multi Sector Bond Active ETF $PYLD

Mid American Wealth Advisory Group Inc. acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 51,234 shares of the company’s stock, valued at approximately $1,375,000. PIMCO Multi Sector Bond Active ETF comprises 0.6% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 26th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE raised 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 worth $305,589,000 after purchasing 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 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 purchasing an additional 2,417,746 shares during the last quarter. Retirement Planning Group LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 6.4% during the 2nd quarter. Retirement Planning Group LLC now owns 4,777,442 shares of the company’s stock valued at $126,793,000 after purchasing an additional 288,106 shares in the last quarter. AE Wealth Management LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 43.1% during the 2nd quarter. AE Wealth Management LLC now owns 4,531,478 shares of the company’s stock valued at $120,265,000 after purchasing an additional 1,364,400 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in PIMCO Multi Sector Bond Active ETF by 27.3% in the second quarter. Sequoia Financial Advisors LLC now owns 4,528,515 shares of the company’s stock worth $120,187,000 after buying an additional 971,867 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of NYSEARCA PYLD opened at $26.86 on Wednesday. The firm’s 50 day moving average price is $26.80 and its 200-day moving average price is $26.66. PIMCO Multi Sector Bond Active ETF has a 52-week low of $25.42 and a 52-week high of $27.04.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 5th. Investors of record on Wednesday, December 31st will be given a $0.13 dividend. This is a boost from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.8%.

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.