Sequoia Financial Advisors LLC Boosts Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Sequoia Financial Advisors LLC increased its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 68.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,627,847 shares of the company’s stock after buying an additional 3,099,332 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises 1.2% of Sequoia Financial Advisors LLC’s holdings, making the stock its 15th largest position. Sequoia Financial Advisors LLC owned 2.40% of PIMCO Multi Sector Bond Active ETF worth $204,731,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Mark Sheptoff Financial Planning LLC raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 82.2% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 1,066 shares of the company’s stock worth $28,000 after acquiring an additional 481 shares during the period. Mather Group LLC. purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF in the 3rd quarter valued at approximately $32,000. MTM Investment Management LLC acquired a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 2nd quarter worth approximately $60,000. Cranbrook Wealth Management LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the 3rd quarter valued at approximately $130,000. Finally, Redwood Park Advisors LLC lifted its holdings 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 valued at $146,000 after acquiring an additional 1,536 shares during the last quarter.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PIMCO Multi Sector Bond Active ETF stock opened at $26.82 on Friday. The stock has a 50 day moving average of $26.77 and a 200 day moving average of $26.69. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two week high of $27.04.

PIMCO Multi Sector Bond Active ETF Increases Dividend

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

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.