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

PIMCO Dynamic Income Fund (NYSE:PDI) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $19.30 and traded as low as $18.45. PIMCO Dynamic Income Fund shares last traded at $18.4650, with a volume of 2,375,369 shares traded.

PIMCO Dynamic Income Fund Stock Performance

The company’s 50-day simple moving average is $19.30 and its 200 day simple moving average is $19.08.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.2205 per share. This represents a c) annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Friday, November 14th.

Institutional Investors Weigh In On PIMCO Dynamic Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE raised its position in shares of PIMCO Dynamic Income Fund by 1,339.2% in the 1st quarter. US Bancorp DE now owns 52,993 shares of the company’s stock worth $1,049,000 after acquiring an additional 49,311 shares in the last quarter. Venture Visionary Partners LLC grew its stake in PIMCO Dynamic Income Fund by 2.8% in the first quarter. Venture Visionary Partners LLC now owns 94,611 shares of the company’s stock valued at $1,873,000 after purchasing an additional 2,539 shares during the last quarter. Townsquare Capital LLC raised its holdings in PIMCO Dynamic Income Fund by 5.1% in the first quarter. Townsquare Capital LLC now owns 31,075 shares of the company’s stock worth $615,000 after purchasing an additional 1,498 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of PIMCO Dynamic Income Fund during the first quarter valued at about $542,000. Finally, LaSalle St. Investment Advisors LLC boosted its holdings in shares of PIMCO Dynamic Income Fund by 297.3% in the 1st quarter. LaSalle St. Investment Advisors LLC now owns 44,351 shares of the company’s stock valued at $878,000 after buying an additional 33,187 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.