PIMCO Dynamic Income Fund (NYSE:PDI) Stock Price Passes Below 50-Day Moving Average – Here’s Why

PIMCO Dynamic Income Fund (NYSE:PDI) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.71 and traded as low as $19.25. PIMCO Dynamic Income Fund shares last traded at $19.29, with a volume of 2,090,058 shares trading hands.

PIMCO Dynamic Income Fund Stock Down 0.1 %

The firm has a fifty day moving average of $19.73 and a 200-day moving average of $19.26.

PIMCO Dynamic Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 11th will be given a $0.2205 dividend. This represents a $2.65 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of PIMCO Dynamic Income Fund by 31.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 199,564 shares of the company’s stock worth $3,850,000 after acquiring an additional 47,896 shares in the last quarter. SpiderRock Advisors LLC bought a new position in PIMCO Dynamic Income Fund in the first quarter valued at $207,000. J.W. Cole Advisors Inc. increased its stake in PIMCO Dynamic Income Fund by 51.0% in the 1st quarter. J.W. Cole Advisors Inc. now owns 41,966 shares of the company’s stock valued at $810,000 after buying an additional 14,182 shares during the last quarter. Private Advisor Group LLC lifted its position in PIMCO Dynamic Income Fund by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 520,387 shares of the company’s stock worth $10,038,000 after buying an additional 54,893 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its position in PIMCO Dynamic Income Fund by 52.8% during the 1st quarter. Concourse Financial Group Securities Inc. now owns 3,760 shares of the company’s stock worth $73,000 after buying an additional 1,300 shares in the last quarter.

PIMCO Dynamic Income Fund Company Profile

PIMCO Dynamic Income Fund is a close ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in multiple fixed-income sectors, including non-agency residential and commercial mortgage-backed securities and below investment-grade securities.