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

Shares of PIMCO Dynamic Income Fund (NYSE:PDI) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.22 and traded as low as $18.11. PIMCO Dynamic Income Fund shares last traded at $18.12, with a volume of 1,920,556 shares trading hands.

PIMCO Dynamic Income Fund Stock Down 0.7%

The company has a 50 day moving average price of $18.23 and a 200-day moving average price of $18.66.

PIMCO Dynamic Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Thursday, February 12th will be paid a dividend of $0.2205 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 14.7%.

Institutional Trading of PIMCO Dynamic Income Fund

Several institutional investors have recently modified their holdings of the business. Lantern Wealth Advisors LLC bought a new stake in PIMCO Dynamic Income Fund during the 2nd quarter valued at $222,000. MML Investors Services LLC grew its holdings in shares of PIMCO Dynamic Income Fund by 2.2% during the second quarter. MML Investors Services LLC now owns 86,576 shares of the company’s stock valued at $1,642,000 after buying an additional 1,831 shares during the last quarter. IHT Wealth Management LLC acquired a new position in shares of PIMCO Dynamic Income Fund during the second quarter valued at about $204,000. EP Wealth Advisors LLC increased its position in shares of PIMCO Dynamic Income Fund by 29.9% during the second quarter. EP Wealth Advisors LLC now owns 33,474 shares of the company’s stock worth $635,000 after acquiring an additional 7,697 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of PIMCO Dynamic Income Fund by 5.7% in the 2nd quarter. Bank of America Corp DE now owns 3,068,594 shares of the company’s stock worth $58,211,000 after acquiring an additional 165,389 shares during the last quarter.

About PIMCO Dynamic Income Fund

PIMCO Dynamic Income Fund (NYSE: PDI) is a closed-end management investment company advised by Pacific Investment Management Company LLC (“PIMCO”), one of the world’s largest fixed-income asset managers. Listed on the New York Stock Exchange, PDI seeks to deliver attractive monthly income and capital appreciation by allocating across a broad array of global fixed-income markets.

The fund employs a dynamic, multi-sector approach, investing in a diversified mix of investment-grade and high-yield corporate bonds, bank loans, emerging-market debt, mortgage- and asset-backed securities, and U.S.