Family Investment Center Inc. Buys 209,120 Shares of PIMCO Multi Sector Bond Active ETF $PYLD

Family Investment Center Inc. grew its stake in shares of PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 12.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,867,982 shares of the company’s stock after acquiring an additional 209,120 shares during the quarter. PIMCO Multi Sector Bond Active ETF comprises approximately 10.4% of Family Investment Center Inc.’s investment portfolio, making the stock its 2nd largest position. Family Investment Center Inc.’s holdings in PIMCO Multi Sector Bond Active ETF were worth $50,137,000 as of its most recent SEC filing.

Other institutional investors 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 valued at $305,589,000 after acquiring an additional 2,425,695 shares during the period. Envestnet Asset Management Inc. increased its stake in PIMCO Multi Sector Bond Active ETF by 96.7% in the second 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 in the last quarter. Retirement Planning Group LLC increased its stake in PIMCO Multi Sector Bond Active ETF by 6.4% in the second 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 raised its holdings in PIMCO Multi Sector Bond Active ETF by 43.1% in the second quarter. AE Wealth Management LLC now owns 4,531,478 shares of the company’s stock worth $120,265,000 after purchasing an additional 1,364,400 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its position in shares of PIMCO Multi Sector Bond Active ETF by 27.3% during the second quarter. Sequoia Financial Advisors LLC now owns 4,528,515 shares of the company’s stock worth $120,187,000 after purchasing an additional 971,867 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD stock opened at $26.71 on Monday. PIMCO Multi Sector Bond Active ETF has a 12-month low of $25.42 and a 12-month high of $27.04. The firm has a fifty day moving average of $26.78 and a 200-day moving average of $26.67.

PIMCO Multi Sector Bond Active ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, January 5th. Shareholders of record on Wednesday, December 31st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from PIMCO Multi Sector Bond Active ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis 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.