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

PIMCO Dynamic Income Fund (NYSE:PDI)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.13 and traded as low as $16.52. PIMCO Dynamic Income Fund shares last traded at $16.5750, with a volume of 3,399,525 shares trading hands.

PIMCO Dynamic Income Fund Stock Down 0.6%

The business has a 50 day moving average price of $17.13 and a 200 day moving average price of $17.68.

PIMCO Dynamic Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Thursday, June 11th will be paid a $0.2205 dividend. The ex-dividend date is Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 16.0%.

Institutional Trading of PIMCO Dynamic Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of PDI. Heritage Wealth Advisors bought a new position in shares of PIMCO Dynamic Income Fund in the fourth quarter worth approximately $35,000. Sankala Group LLC bought a new position in PIMCO Dynamic Income Fund in the 4th quarter valued at approximately $55,000. First Horizon Corp purchased a new stake in PIMCO Dynamic Income Fund during the 1st quarter valued at $57,000. SHP Wealth Management purchased a new stake in PIMCO Dynamic Income Fund during the 4th quarter valued at $64,000. Finally, WFA of San Diego LLC purchased a new stake in PIMCO Dynamic Income Fund during the 2nd quarter valued at $64,000.

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.