First Trust Advisors LP increased its holdings in Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) by 14.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,765 shares of the company’s stock after acquiring an additional 20,741 shares during the quarter. First Trust Advisors LP owned approximately 0.12% of Pimco Dynamic Credit and Mortgg Incm Fnd worth $3,678,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PCI. Howland Capital Management LLC lifted its stake in Pimco Dynamic Credit and Mortgg Incm Fnd by 0.8% in the second quarter. Howland Capital Management LLC now owns 905,031 shares of the company’s stock worth $20,200,000 after acquiring an additional 6,985 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Pimco Dynamic Credit and Mortgg Incm Fnd by 26.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,540 shares of the company’s stock worth $101,000 after acquiring an additional 950 shares during the period. Harbour Capital Advisors LLC lifted its stake in Pimco Dynamic Credit and Mortgg Incm Fnd by 2,131.9% in the second quarter. Harbour Capital Advisors LLC now owns 12,298 shares of the company’s stock worth $551,000 after acquiring an additional 11,747 shares during the period. Janney Montgomery Scott LLC lifted its stake in Pimco Dynamic Credit and Mortgg Incm Fnd by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 20,168 shares of the company’s stock worth $450,000 after acquiring an additional 114 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its stake in Pimco Dynamic Credit and Mortgg Incm Fnd by 5.5% in the second quarter. Stratos Wealth Partners LTD. now owns 29,783 shares of the company’s stock worth $665,000 after acquiring an additional 1,559 shares during the period.

COPYRIGHT VIOLATION NOTICE: “First Trust Advisors LP Grows Position in Pimco Dynamic Credit and Mortgg Incm Fnd (PCI)” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another site, it was illegally stolen and reposted in violation of international trademark & copyright law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/09/04/first-trust-advisors-lp-grows-position-in-pimco-dynamic-credit-and-mortgg-incm-fnd-pci.html.

Shares of Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI) opened at 22.72 on Monday. Pimco Dynamic Credit and Mortgg Incm Fnd has a 1-year low of $18.90 and a 1-year high of $23.17. The company has a 50-day moving average of $22.60 and a 200-day moving average of $21.92.

The company also recently announced a monthly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 11th were given a $0.1641 dividend. This represents a $1.97 annualized dividend and a yield of 8.67%. The ex-dividend date was Wednesday, August 9th.

Pimco Dynamic Credit and Mortgg Incm Fnd Profile

PIMCO Dynamic Credit and Mortgage Income Fund, formerly PIMCO Dynamic Credit Income Fund, is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek current income and capital appreciation is the secondary objective. It will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of mortgage-related securities and other debt instruments of varying maturities.

Want to see what other hedge funds are holding PCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI).

Institutional Ownership by Quarter for Pimco Dynamic Credit and Mortgg Incm Fnd (NYSE:PCI)

Receive News & Stock Ratings for Pimco Dynamic Credit and Mortgg Incm Fnd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pimco Dynamic Credit and Mortgg Incm Fnd and related stocks with our FREE daily email newsletter.