Hobbs Group Advisors LLC Raises Stock Position in PIMCO Multi Sector Bond Active ETF $PYLD

Hobbs Group Advisors LLC raised its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 144.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 183,162 shares of the company’s stock after buying an additional 108,237 shares during the period. PIMCO Multi Sector Bond Active ETF makes up approximately 1.5% of Hobbs Group Advisors LLC’s holdings, making the stock its 13th largest holding. Hobbs Group Advisors LLC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $4,887,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in PYLD. HighTower Advisors LLC increased its holdings in PIMCO Multi Sector Bond Active ETF by 95.5% in the third quarter. HighTower Advisors LLC now owns 8,516,263 shares of the company’s stock valued at $228,577,000 after buying an additional 4,160,437 shares in the last quarter. Bank of America Corp DE increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 35.3% during the 3rd quarter. Bank of America Corp DE now owns 15,573,447 shares of the company’s stock worth $417,991,000 after purchasing an additional 4,059,150 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake 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 purchasing an additional 3,099,332 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 340.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,200,786 shares of the company’s stock worth $85,685,000 after purchasing an additional 2,474,706 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of PIMCO Multi Sector Bond Active ETF by 48.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,286,467 shares of the company’s stock worth $195,569,000 after purchasing an additional 2,368,593 shares in the last quarter.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of PYLD opened at $26.54 on Wednesday. The firm has a 50 day simple moving average of $26.51 and a 200-day simple moving average of $26.70. PIMCO Multi Sector Bond Active ETF has a 1-year low of $25.81 and a 1-year high of $27.04.

PIMCO Multi Sector Bond Active ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.12 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, March 2nd.

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.