PIMCO Dynamic Income Fund (NYSE:PDI) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

by · The Cerbat Gem

PIMCO Dynamic Income Fund (NYSE:PDI – Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.41 and traded as low as $17.60. PIMCO Dynamic Income Fund shares last traded at $17.69, with a volume of 3,315,750 shares traded.

PIMCO Dynamic Income Fund Trading Down 0.3%

The company has a fifty day simple moving average of $18.41 and a 200 day simple moving average of $18.95.

PIMCO Dynamic Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 11th will be issued a $0.2205 dividend. The ex-dividend date is Thursday, December 11th. This represents a c) annualized dividend and a yield of 15.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Townsquare Capital LLC increased its position in shares of PIMCO Dynamic Income Fund by 5.1% during the first quarter. Townsquare Capital LLC now owns 31,075 shares of the company’s stock worth $615,000 after buying an additional 1,498 shares during the period. HighTower Advisors LLC boosted its position in PIMCO Dynamic Income Fund by 3.5% during the first quarter. HighTower Advisors LLC now owns 288,375 shares of the company’s stock valued at $5,710,000 after acquiring an additional 9,697 shares during the last quarter. Raymond James Financial Inc. grew its holdings in PIMCO Dynamic Income Fund by 9.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,186,807 shares of the company’s stock worth $23,499,000 after acquiring an additional 99,134 shares during the period. Venture Visionary Partners LLC raised its position in shares of PIMCO Dynamic Income Fund by 2.8% in the 1st quarter. Venture Visionary Partners LLC now owns 94,611 shares of the company’s stock worth $1,873,000 after acquiring an additional 2,539 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its stake in shares of PIMCO Dynamic Income Fund by 2.0% in the 1st quarter. Tradition Wealth Management LLC now owns 52,668 shares of the company’s stock valued at $1,043,000 after purchasing an additional 1,039 shares during the period.

About PIMCO Dynamic Income Fund

(Get Free Report)

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.

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