PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

PIMCO Global StocksPLUS & Income Fund (NYSE:PGP)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.04 and traded as high as $8.36. PIMCO Global StocksPLUS & Income Fund shares last traded at $8.26, with a volume of 62,350 shares traded.

PIMCO Global StocksPLUS & Income Fund Trading Up 0.9 %

The company has a fifty day simple moving average of $8.04 and a 200 day simple moving average of $7.71.

PIMCO Global StocksPLUS & Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 11th will be given a $0.069 dividend. This represents a $0.83 annualized dividend and a dividend yield of 10.02%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PIMCO Global StocksPLUS & Income Fund stock. MAS Advisors LLC purchased a new position in shares of PIMCO Global StocksPLUS & Income Fund (NYSE:PGP) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 29,998 shares of the company’s stock, valued at approximately $229,000.

PIMCO Global StocksPLUS & Income Fund Company Profile

PIMCO Global Stocksplus & Income Fund is a closed ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Pacific Investment Management Company LLC. It invests in fixed income and public equity markets across the globe. The fund uses a long/short strategy to invest in securities by using financial derivatives such as options.