PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) Sees Large Volume Increase – Still a Buy?

PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) saw an uptick in trading volume on Monday . 16,080,888 shares traded hands during mid-day trading, an increase of 325% from the previous session’s volume of 3,782,845 shares.The stock last traded at $26.8150 and had previously closed at $26.81.

PIMCO Multi Sector Bond Active ETF Trading Down 0.0%

The firm has a fifty day moving average of $26.77 and a 200 day moving average of $26.68.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 5.8%. This is a boost from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYLD. Riverchase Wealth Management LLC lifted its stake in PIMCO Multi Sector Bond Active ETF by 21.0% during the third quarter. Riverchase Wealth Management LLC now owns 493,419 shares of the company’s stock worth $13,243,000 after purchasing an additional 85,673 shares during the period. GeoWealth Management LLC grew its stake in shares of PIMCO Multi Sector Bond Active ETF by 39.5% in the 2nd quarter. GeoWealth Management LLC now owns 1,444,498 shares of the company’s stock valued at $38,337,000 after purchasing an additional 409,080 shares during the period. RFG Holdings Inc. raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 18.5% in the 3rd quarter. RFG Holdings Inc. now owns 1,124,872 shares of the company’s stock worth $30,192,000 after buying an additional 175,387 shares in the last quarter. Eclectic Associates Inc. ADV lifted its position in shares of PIMCO Multi Sector Bond Active ETF by 55.4% during the 3rd quarter. Eclectic Associates Inc. ADV now owns 526,872 shares of the company’s stock worth $14,141,000 after buying an additional 187,732 shares during the period. Finally, Bridgewealth Advisory Group LLC boosted its stake in PIMCO Multi Sector Bond Active ETF by 9.0% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 897,031 shares of the company’s stock valued at $24,076,000 after buying an additional 73,751 shares in the last quarter.

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.